PIB nod in; Centre to provide Rs 1,039 cr for Noida Metro

The Noida Metro Rail Corporation has received the Project Investment Board approval for the provision of Rs.1,039 crore for the under-construction 30km Noida-Greater Noida Metro project.

“PIB appraisal means a lot for NMRC at this stage because we will get financial assistance and other necessary support from the Centre for the 30 km Metro project, which will integrate Greater Noida with the Delhi-NCR area,” NMRC Managing Director Santosh Yadav was quoted in the media as saying on Wednesday.

PIB has suggested few changes to the project and NMRC has to incorporate the prescribed changes before sending a revised proposal to PIB.

“They suggested that NMRC and local authorities should develop facilities to address last-mile connectivity at all 21 metro stations that are part of this link. We have already planned to run feeder bus services, develop cycle sharing system and build parking facilities along the metro link. We will make the necessary small changes and send the project proposal to PIB,” Yadav said.

NMRC has completed around 50 per cent construction of the project and aims to open this line by November 2017. Around 70 per cent construction of the 21 Metro stations is almost complete, officials said.

PIB is a Central body that examines large-scale infrastructure plans of the Government. It has nine members, including members from the Ministry of Railways, Urban Development, Home and Finance.