Cabinet approves metro-line extension from Noida City Centre to Sector-62
The Cabinet today approved the extension of the metro-rail network from Noida City Centre to Sector-62, which borders UP's Ghaziabad, with an investment of Rs. 1,967cr. The new line will be an extension of the Dwarka-Noida City Centre line of Delhi Metro and is proposed to have six stations. Union Minister Ravi Shankar Prasad said the total stretch for the extension is 6.675km-long.
The extended line will help in greater mobility
Prasad said Noida is expanding in terms of commerce and educational facilities and the extended line will help in greater mobility of people. The project will also result in the development of more residential and commercial complexes in the region. The Centre's liability will be to the tune of Rs. 340. 60 crore on account of grant and subordinated debt for the project.
Project will be implemented by DMRC
The project will be implemented by DMRC, the existing Special Purpose Vehicle of the Centre and Delhi governments. About 800 staff are currently working at the project site and the DMRC is recruiting around 200 employees for the operation and maintenance of this corridor. About 81% progress of civil work and 55% of the overall financial progress of the project have been achieved.
