Noida clears Rs. 2,668-cr metro expansion

In order to make available metro transport facilities to the million masses of the twin satellite cities, the Noida Authority has recently cleared funding pattern for the Noida-Greater Noida Metro Rail Project entailing an investment of Rs. 2,668.16cr. The 14.958 km metro lines between Sector 71 to Knowledge Park 5 via Greater Noida West will be built at a cost of about 10%, which will be borne by the Greater Noida Authority and five per cent by Noida Authority. 45% of the cost will be taken as loan from banks, 12.95% equity by the Central government and 12.95% equity amount will be shared by the State government. The Noida Board has also given approval for Rs. 126-cr and Rs. 81-cr for development of two metro stations on the route with nine stations - two in Noida and seven in Greater Noida said official sources.