Rapid Rail worth ₹31,600 cr gains momentum

    Rail System
    Delhi Meerut Rapid Rail project is all set to clearing the project for the development of the first corridor of rapid rail network connecting twin cities. This will make way for starting construction work for the rapid rail project that will bring down travel time between Delhi and Meerut to around 55 minutes. The proposal has been sent by the Housing and Urban Affairs Ministry along with the phase-IV project of Delhi Metro to the Public Investment Board (PIB) for appraisal and this happens after the government of Uttar Pradesh had consented to pay its share of the equity to build the network requiring an investment of about ₹31,600 crore. Later, the government of Delhi also gave in-principle approval to the rapid rail project. According to sources, the original proposal, which was sent by the Ministry of Urban Affairs suggested that the work on Uttar Pradesh portion could be taken up in the first phase considering the fact that the state had given its full approval for the 82 km high-speed rail corridor. The rapid rail project will be implemented by the NCR Transport Corporation, which has been set up by the central government. The capital city of Delhi, as well as other states in the NCR, has a share in this special purpose vehicle (SPV), the report added.
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