Noida, Metro Rail News: This news bring cheer to residents of Greater Noida West. The Greater Noida Industrial Development Authority (GNIDA) on 4th December 2018, approved the Noida Metro Phase 2 from Noida Sector 71 to Knowledge Park 5 in Greater Noida. The extension will comprise nine stations and cost Rs 2602 crore, top officials said
This decision was taken at the Authority’s 113th board meeting. “Noida Metro Rail Corporation would be the nodal agency for the project. The first phase of the Metro project comprising five stations from Noida Sector 71 to Greater Noida Sector 2 is expected to cost around Rs 1521 crore, officials said.
The Akhilesh Yadav government had earlier approved construction of a 15-km metro project to connect Noida Sector 71 with Greater Noida’s Knowledge Park 5 via Ace Divino.
“The modalities and details on the DPR would be given later,” Chief secretary AC Pandey was quoted as saying.
Almost a year ago, Noida and Greater Noida authorities, which will fund the Metro link, had decided to put the project on hold citing a fund crisis. They had also said that the project was not feasible as ridership would be low along the route.
Noida Metro Rail Corporation (NMRC), that was set up in November 2014, would construct the link. It has also constructed the over Rs 5,000-crore Noida-Greater Noida Metro link that is expected to be operational by end of 2018.
Homebuyers of Greater Noida West, that now has a population of about 30,000 residents, have welcomed the decision. They hope that work would begin soon. “Also by the time construction is completed, over 50,000 residents would have moved into the area,” said Abhishek Kumar of NEFOWA.
Over 3.5 lakh residential units are expected to come up in the area.