Ghaziabad Metro | GDA plans to form Ghaziabad Metro Rail Corp. to run metro in city

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GDA proposed formation of new SPV in name of Ghaziabad Metro Rail Corporation
GDA proposed formation of new SPV in name of Ghaziabad Metro Rail Corporation (GMRC)

Ghaziabad: There is continuous hindrance to complete metro rail construction work from Noida Sector-62 to Sahibabad and Vaishali to Mohan Nagar due to the fund issue in the proposed metro route. Ghaziabad Development Authority (GDA) has asked DMRC to prepare a model of funding on the pattern of SPV (Special Purpose Vehicle). Under this, Ghaziabad Metro Rail Corporation (GMRC) is set to be set up in line with Lucknow Metro Rail Corporation (LMRC) and Noida Metro Rail Corporation (NMRC). On Tuesday, it was discussed in a meeting with DMRC regarding the funding pattern of Metro rail projects under the leadership of GDA Vice Chairperson Ritu Maheshwari.

DMRC is directed to submit their report on this till Thursday. On May 25, a decision will be taken in the meeting chaired by Chief Secretary Rajiv Kumar. If there is a green signal then the proposal will be sent to the Urban Development Ministry after approval of the state cabinet.

One of the biggest obstacles to form SPV model is that it can be applied only when the metro route is at least 30 km. To meet this issue, GDA has prepared a proposal for two more metro routes. According to this, there will be a route between U.P. gate to Pratap Vihar via AKG Engineering College. The second route will be proposed from New Bus Adda to Dadri via Lal Kuan.

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