Noida Metro | NMRC Board of Directors meet on March 10, 2016

0
261

Noida: The Noida Metro Rail Corporation (NMRC) will hold its sixth board meeting in Lucknow on Thursday, March 10. Formed on the lines of Delhi Metro Rail Corporation (DMRC), the company’s chairperson Alok Ranjan, who is chief secretary of UP, will convene the meeting.

According to officials, the board will address and finalise the organisational structure of the company.

User agreement will be ratified while auditor reports will be seen. The progress report of the financial and fiscal year will also be discussed during the meeting.

The main agenda of the board will include finalising the strategy for the operations and maintenance (O&M) for the 29 km Noida-Greater Noida Metro track, which is under construction. According to officials, as civil work is going on at a very fast pace on the Metro corridor and once complete trials will start on the track, there is a need to finalise the O&M, which includes recruitment of staff at all levels including director operations, director systems and director signals.

A progress report of the track and the City Bus service to be launched in May this year between Noida and Greater Noida will also be presented to the Chief Secretary.

Registered under the Companies Act, NMRC is wholly owned and funded by Noida and Greater Noida. Till now, both Noida and Greater Noida had enjoyed a 50:50 shareholding in the company. In October last year, Yamuna Expressway Industrial Development Authority (YEIDA) was granted 5% stake in NMRC.
After Delhi and Gurgaon in the National Capital Region, Noida is the third city to boast its own metro rail company. The NMRC is involved in the planning and implementation of metro rail, monorail, high-speed rail projects in UP and other Indian cities besides other modes of transportation to provide last mile connectivity.
The first project to be undertaken by NMRC is the 29-km-long metro link project between Noida and Greater Noida, which is to cost Rs 5,526 crore. Presently, the construction work on the corridor is running three months ahead of schedule. Another important project being worked on by NMRC is the Rs 100 crore city bus service with a 100-bus fleet between the twin cities, which is likely to launch in May this year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.