Haryana clears Rs. 876-cr for metro project

Injecting a major boost to transport facilities in the NCR region, the state government in Haryana recently approved a proposal to set up a Mass Rapid Transport System (MRTS) between Gurgaon and Manesar, putting Metro connectivity between the financial and industrial hubs on the fast track. The state cabinet decided that the government will stand guarantor for a loan of Rs. 876-cr to be taken by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) from Hudco, to acquire 365 acre of land for the project. In addition, the Japan International Cooperation Agency (JICA) has committed in-principle to provide Rs. 16,000-cr for the project. The MRTS is being developed as a project under the Delhi-Mumbai Industrial Corridor Development Corporation. In the first phase, which got the crucial nod recently, is an elevated corridor that will proceed from Huda City Centre towards the Southern Peripheral Road (SPR) and finally to Panchgaon Chowk, located on NH 8 near Manesar, said official sources.