Work On Full Swing For Greater Noida
Nearly two weeks after the Noida Metro Rail Corporation (NMRC) – Noida’s own metro rail company — was registered, it held its first board meeting in Lucknow on Wednesday. Formed on the lines of Delhi Metro Rail Corporation (DMRC), the Uttar Pradesh chief secretary Alok Ranjan, who holds additional charge as the Infrastructure and Industrial Development Commissioner (IIDC), has been nominated as the company’s chairperson. Rama Raman, chairperson of all three GB Nagar development authorities, has been designated its managing director, while Noida Authority’s financial controller, G P Singh, will be its executive director.
A total of 19 proposals were discussed as part of the agenda. Officials said these were statutory in nature and as per provisions of the Registrar of Companies. The NMRC office will be located in Noida.
Registered under the companies act, NMRC will be wholly owned and funded by Noida and Greater Noida. “Whether there will be equity participation from the state governments as well, is yet to be decided,” said Rama Raman. “We will propose that a pattern similar to that in DMRC be implemented, with 50% stake each of the Centre and the state,” Raman explained.
According to officials, Noida will be the third city in the NCR to boast its own Metro rail company. “An initial corpus of Rs 1,000 crore as primary capital has been allocated for the company, which will be used to build Metro rail networks across UP and later rest of the country. “NMRC will be involved in the planning and implementation of Metro rail, monorail and high-speed rail projects in UP and other Indian cities,” said Raman.
Speaking to TOI from Lucknow, Raman said NMRC’s first project will be the proposed 29-km-long metro link between Noida and Greater Noida. Estimated to cost Rs 5,533 crore, it would not only provide a fast link between the two townships, but also bring these places closer to the national capital. The elevated line will have 22 stations connecting some of the busiest spots across Noida and Greater Noida. “Work under NMRC will commence once we get the ‘Commencement of Business’ orders from the registrar of companies. We expect work on the Noida-Greater Noida link to start by April 2015,” Raman said.
“It will then take up all future metro extension projects in Noida, Greater Noida, Yamuna Expressway areas. However, previously-approved projects, such as 3.9-km-long link from Kalindi Kunj in Delhi to Botanical Garden in Noida, and the 6.8-km link from City Centre to Sector 62 towards NH-24, will be completed by DMRC as planned,” said Raman. “For future projects, DMRC will work as a consultant, but construction work will be carried out by NMRC,” he added.
Meanwhile, Noida Authority on Monday released Rs 247 crore to DMRC for the 6.8-km link between City Center and Sector 62. It had signed a memorandum of understanding for the project with the Metro agency last month. Officials said work should be completed in two years.