Noida authorities to table their Budgets on March 2

Noida, Greater Noida and Yamuna development authorities will table their annual Budgets next Wednesday and according to reports appearing in the media, almost Rs 20,000 crore will be allocated to the three areas for the next financial year.

The reports, quoting sources, said Noida is likely to put aside about Rs 9,000 crore for the financial year 2016-17, Greater Noida Rs 7,000 crore while Yamuna Expressway Industrial Development Authority (YEIDA) is expected to table a Budget of over Rs 4,000 crore. The three authorities are also likely to expedite several key infrastructure projects in 2016.

The reports said the Noida Authority is likely to allocate almost 50 per cent of the Budget to various development projects. Besides Metro connectivity, the Authority will spend about Rs 5,000 crore on projects like construction of elevated roads, flyovers and underpasses in the city, as well as construction of major link roads between Noida and Delhi.

In Greater Noida, while a portion of the Budget will be allocated for land acquisition and compensation to farmers, the rest will be set aside for infrastructure projects, including Metro.

YEIDA is expected to allocate a lower Budget than last year, which was Rs 6,229 crore. While farmer compensation will lead this year’s Budget with almost Rs 1,500 crore, the Authority also plans to put aside about Rs 1,000 crore for infrastructure development.