In a major decision, the National Capital Region Planning Board (NCRPB) today decided to support nine transport infrastructure projects in Uttar Pradesh and Haryana including six-lane elevated road in Ghaziabad and Noida-Greater Noida Metro projects.
NCRPB will provide a loan of Rs 700 cr for development of six-lane elevated road in Ghaziabad in UP and finance the 29.7 km long Rs 5,533 crore Noida-Greater Noida Metro Project with a loan assistance of Rs 1,587 cr.
These projects are expected to substantially improve traffic flow besides reducing pollution benefitting Delhi and adjoining areas.
The Project Sanctioning and Monitoring Group of NCRPB chaired by Urban Development Secretary Madhusudhan Prasad today discussed projects, including the two costing Rs 7,838 crore and decided to support them with a total loan assistance of Rs 3,113 crore.
According to NCRPB Member-Secretary, B K Tripathy, this was the highest loan assistance approved in a single meeting of the Board.
Two infrastructure projects in Uttar Pradesh will cost Rs 6,681 cr for which NCRPB will provide a loan of Rs 2,287 cr.
Haryana has proposed projects 7 projects at a total cost of Rs 1,157 cr and will get a loan of Rs 726 cr.
The 10.3 km long six-lane elevated road with a single pier is the first of its kind in the country, being developed by the Ghaziabad Development Authority at an estimated cost of Rs 1,148 cr and is targeted for completion by the end of 2016.
This road taking off from near UP Gate and ending at Rajnagar Extension, connects NH-24 with NH-58 and will serve as a bypass ending traffic problems on Kausambi-Mohan Nagar- Vaishali section.
Ghaziabad Development Authority intends to have a self-sustained urban settlement in the area duly connected to adjacent areas through express traffic corridors.
On completion of this project, travel time between UP Gate and Hindon Bridge is expected to come down from the present 50 minutes to about 15 minutes, a release said.
NCRPB will also provide Rs 5,533 cr for the Noida-Greater Noida Metro Project with a loan assistance of Rs 1,587 cr. This Metro line connects City Junction in Sector-71 with Depot Station in Sector 142.
Of this line, 70 per cent runs through Noida and will meet the rising demand for public transport besides stimulating development in Greater Noida. This is subject to final approval by the Centre.
