The Centre has cleared the 30-km long Noida-Greater Noida Metro Rail Project, which is estimated to come up at a cost of Rs 5,503 crore.
The Centre has cleared the 30-km long Noida-Greater Noida Metro Rail Project, which is estimated to come up at a cost of Rs 5,503 crore, an Indian Express report said. After its completion, the project is likely to reduce congestion in the national capital by encouraging residence and travel in the satellite towns.
The project which was approved by the Union cabinet, chaired by Prime Minister Narendra Modi, will be implemented by Noida Metro Rail Corporation Limited, jointly owned by the Centre and the Uttar Pradesh government.
“The Metro rail connection between Noida and Greater Noida will result in people being assured about their mobility and more people would like to move to these satellite towns, thereby decongesting Delhi,” a government spokesperson was quoted as saying by Indian Express.
As per the daily report, the Centre expects more commercial and residential complexes to develop in the region, which has the population of approximately 7.50 lakh, and that there will be less traffic. The time and cost of travel will also reduce, less fuel consumption and a decrease in pollution.
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The government said that the project will help in generating a significant number of direct and indirect employment of skilled, semi-skilled and unskilled workers. There will also be more employment opportunities during the construction and operation phases of the rail projects. The entire project is expected to complete by April next year, and abound 70 per cent of civil work and 40 per cent of the financial progress in the project has been finished, the government spokesperson told the paper.