NOIDA: The Noida Authority, one of the richest civic bodies in the country, plans to draft a budget of Rs 8,000 crore for the financial year 2014-15 with various infrastructure projects, including the setting up of the Noida Metro Rail Corporation (NMRC).
According to the chairman of Noida, Greater Noida and Yamuna Expressway authorities, Rama Raman, of the total Rs 10,000 crore sanctioned last financial year, Rs 2,000 crore was for expansion of Metro links. “The amount remains untouched and will stay that way this financial year until the project takes off. The remaining Rs 8,000 crore will be used for infrastructure projects like flyovers, foot-overbridges, parking spaces,” Raman said. He claimed that the work on Noida-Greater Noida Metro link is likely to begin this year. “While the UP cabinet has approved the project, a nod from the Centre is pending,” he added.
The Metro link between Noida and Greater Noida is proposed along the Noida-Greater Noida Expressway. Links from City Center to Sector 62, Sector 71 and to Greater Noida (West) are other proposed Metro line expansions.
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