NEW DELHI (Metro Rail News): The Ghaziabad Development Authority (GDA) & UP Housing Board have shown an underlying acceptance of the Blue Line’s extension to Sahibabad in Ghaziabad via Indiarapuram and Vaishali.
Delhi Metro is preparing a fresh report on the Metro route from Electronic City to Sahibabad. The project is expected to cost Rs 1,517 Crore.
As per the latest proposal, the state government will bear 80% of the costs through GDA and UP Housing Board and make equal contributions. The Central Government will contribute the remaining 20%. The GDA & the UP Housing Board have already discussed the pattern.
As per the earlier plan, the UP government was to bear 50% of the expenses & the central government would have to bear 20% while the 30% was to be borne by GDA, the Housing Board and the Municipal Corporation.
The proposed plan aims to deploy a multi-modal transit model for the NCR commuters and residents, as Sahibabad already has an active RRTS station to cater to the commuters. At the same time, the other end of the Blue Line is already connected with the RRTS at Anand Vihar.
The GDA is hopeful of acquiring a loan for the same, owing to its previous track records on repayment of loans. There is also an underlying acceptance of the proposal as much of the areas covered in the extension fall under the GDA.
Stay tuned for further updates on the metro projects across India!
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