Facing a fund crunch for the second phase of Metro, the Ghaziabad Development Authority (GDA) has sought the Delhi Metro Rail Corporation's (DMRC) help in exploring various possibilities to fund its second phase of Metro extension in Ghaziabad.
On Thursday evening, a meeting was held at Ghaziabad between DMRC and authority officials to decide how to fund the 7.31-km second phase project from Dilshad Garden to Arthala (near Mohan Nagar) in Ghaziabad.
"We discussed various funding structures with the DMRC. Funding the project on a public-private partnership (PPP) mode could also be a possibility," authority vice-chairman Narendra Kumar Chaudhary said.
The second phase project is estimated at around Rs 1,282 crore, out of which Rs 815 crore will be borne by the GDA.
“We are exploring new possibilities and have called another meeting,” Chaudhary said.