The Haryana government on Saturday approved the extension of Metro project from from YMCA Chowk in Faridabad to Ballabgarh and also decided to increase its contribution from Rs 468.20 crore to Rs 569.80 crore.
The state cabinet took the decision on Saturday during a meeting here headed by chief minister Manohar Lal Khattar, an
official release said.
The project cost has been revised from Rs 564 crore to Rs 678 crore due to price escalation and increase in land cost, the release stated.
It will be implemented on the funding pattern adopted in the case of Gurgaon, Faridabad and Bahadurgarh DMRC Metro extensions will be financed by way of Government of Haryana and Government of India in the ratio of 80:20.
The Central taxes are also to be financed as subordinate debt by Government of Haryana and Government of India in the ratio of 20:80, the release said.
The route length of this extended project is 3.205 km and it will have two stations at NCB Colony and Ballabgarh. The daily ridership has been projected at 0.37 lakh in 2017-18.
While the foundation stone of the project was laid on June 22,2014, it is likely to be completed by December 2017, nine months more than its original completion date of March 2017.
The Haryana government in a letter dated December 19, 2014 had given go ahead to DMRC with the execution of work and issued Letter of Acceptance for civil works for the project.
While the DMRC has awarded contract of civil works of Rs 198.78 crore to Larsen and Toubro on December 22, 2014, it shall be DMRC's responsibility to obtain permissions under relevant law and deposit all the fee, wherever applicable, before displaying their advertisements, the release said.