The UP cabinet has recently approved the revised DPR for Metro from the initial Rs.1,770 crore to Rs.2,210 crore, secretary, Ghaziabad Development Authority, Ravinder Godbole said that the move will give boost to the Metro project, the fund for which had practically dried up. In a related development, the chief secretary has ordered other agencies like UPSIDC and housing board to pay their share in ten days. With these directives, the agency hope that the UPSIDC, which has till date contributed only Rs.3.3 crore out of its total share of Rs.97 crore, will start contributing the rest. So far, the GDA has paid Rs.640 crore out of its share of Rs.695 crore. The UP housing board paid Rs.50 crore against its share of Rs.440 crore. The Ghaziabad Metro also has not paid anything from its share of Rs.246 crore. As far as GMC is concerned, it is in the final stages wherein it will adjust its funds in lieu of its land on same value which is in its possession. For the project the state government agencies like GDA, GMC, housing board and UPSIDC have to collectively contribute Rs.1,479.6 crore while the remaining amount is to be borne by Union government.
📅Published on:
29 September 2017
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