New Delhi: Broadening the reach of the national capital's cardinal metro rail network even more, the Union Cabinet today cleared the extension of the metro from Noida City Centre to Sector-62 which falls on the Noida-Ghaziabad border. A total investment of Rs 1,967 crore has been allotted to the project, said Union Law Minister Ravi Shankar Prasad while apprising the media of the cabinet's decision.
The added line will be a part of the Delhi Metro Rail Corporation's ( DMRC ) blue line that currently runs between Dwarka and Noida City Centre. A total stretch of 6.675 kilometres covering six new stations will be added as part of the project, said Prasad adding that the extension will act as a transport facility to a large number of people living in Noida and to residents of close-by areas of Ghaziabad.
An official release from the government also said that the project is likely to result in the development of more residential areas along the extended line which will allow more and more people to settle outside of Delhi, thereby reducing the congestion in the national capital. The Centre's liability in this project will be limited to Rs 340.60 crore on account of graft and subordinate debt for the project, added the release by the central government.
The Delhi Metro Rail Corporation Ltd (DMRC) which is the elected Special Purpose Vehicle (SPV) of the Centre and Government of Delhi has been directed to implement the proposed project. "About 81 per cent progress of civil work and 55 per cent of overall financial progress of the project have been achieved," said the Union government's release adding that close to 800 staff members including engineers are currently working at the project site while another 200 employees will now be hired for the upkeep and operations of the project.