Following in the footsteps of Delhi Metro Rail Corporation (DMRC), Uttar Pradesh’s two industrial developmental authorities — Noida and Greater Noida — on Monday approved a proposal of forming its own metro rail construction company to construct 29-km-long link between Noida City Centre and Greater Noida’s Bodaki.
The company, named as Noida Metro Rail Company (NMRC), will provide a fast link between two townships.
The two authorities have allocated Rs 1,000 crore initial corpus fund to set up the company, which will be engaged in constructing metro rail network across UP.
“The first project of NMRC will be the 29-km-long proposed metro link project between Noida and Greater Noida. It will then take up all future metro extension projects in the state. However, old approved metro projects such as 3.9-km-long link from Kalindi Kunj to Botanical Garden and 6-km link from City Centre to Sector 62 towards NH-24 will be completed by the DMRC as planned earlier,” said Rama Raman, chairman of three authorities — Noida, Greater Noida and Yamuna Expressway.
“The board has approved NMRC, now it will get UP government’s official nod very soon. Then UP registrar will register the name. NMRC will start functioning in a few months,” said Rama Raman in the Hindustan Times Real Estate Conclave 2013 at Noida on Monday.
Of the 29-km stretch, 19 kilometre will fall in Noida jurisdiction, and the remaining 10 kilometre stretch will fall in the Greater Noida region.
“DMRC will work as a consultant for future projects. But construction work will be carried out by NMRC only,” said Rama Raman.
Officials said after Bangalore, Kochi, Jaipur and Chandigarh, Noida will be the fifth city to boast its own metro rail company.
“It is being done to take load off DMRC, which is burdened with too much work. And unlike corporation, it will be a company,” said another authority official.
The authority has also written to the Delhi Mumbai Industrial Corridor (DMIC), seeking funds as this link will connect Bodaki with Noida. Bodaki is the first industrial town, which is being developed by DMIC. “We are hopeful of getting funds from the DMIC. We will invite tenders in the next 6 months," said an authority official.