Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian Railways
29.1 C
Delhi
Saturday, July 13, 2024
Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian Railways

Noida Metro | NMRC receives Rs. 688 crore from centre for aqua line metro project

Date:

Share post:

Nodia: The Noida Metro Rail Corporation has received Rs 687.62 crore on Monday from Ministry of Housing and Urban Affairs for its Aqua line project. The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor.

The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. The Noida metro had become a joint venture between the centre and the Uttar Pradesh government after the two inked a Memorandum of Understanding (MoU) earlier this month.According to NMRC officials, the arrival of the fund will give wings to the project.

According to P D Upadhyay, General Manager/Finance of Noida Metro, “The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor. The NMRC board is supposed to have a full time managing director nominated by the UP government. The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. Thereafter, we will have a total of eight coaches with the two trains besides one test train of four coaches. This fund will certainly help in expediting clearances and making payments.”

Mamta Shah
Mamta Shahhttps://www.metrorailnews.in
Mrs. Mamta Shah is Managing Editor of Metro Rail News. She is one of among the team of Founder Directors of the Symbroj Media Pvt. Ltd.

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.

spot_img

Related articles

Kolkata Metro: Construction of 170m Long D-Wall completed at Victoria Metro Station

Kolkata (Metro Rail News): The construction work of Victoria Metro Station is progressing swiftly. Recently, The L&T team...

Lucknow Metro’s East-West Corridor Receives Approval from NPG

Delhi (Metro Rail News): On 9 July, the Lucknow Metro project gained momentum when the Network Planning Group...

Kanpur Metro: Third Rail Installation Completed in Chunniganj-Nayganj Section

Kanpur (Metro Rail News): On July 10, the Uttar Pradesh Metro Rail Corporation (UPMRC) announced the completion of...

DMRC, IRCTC & CRIS Collaborate Under `One India – One Ticket’ Initiative

New Delhi (Metro Rail News): The Indian Railway Catering and Tourism Corporation Limited (IRCTC), Delhi Metro Rail Corporation...