The Ghaziabad Development Authority (GDA) on Saturday got a detailed project report (DPR) for the proposed 2.7-km Metro line connecting Noida’s Sector 62 to Indirapuram.
According to the DPR submitted by the Delhi Metro Rail Corporation (DMRC), total cost of the project has been fixed at Rs. 764 crore. Sources in the GDA said that the UP government would have to bear Rs. 371 crore for the project.
The Metro extension was proposed by the authority in June last year to provide better commuting facility to the people living in Indirapuram, Vasundhara and nearby areas. If the project goes through, the proposed extension would become the third link within Ghaziabad.
GDA vice-chairman Santosh Kumar Yadav said that the authority was exploring the various sources from where funds could be generated for the project.
“We are analysing the DPR submitted by DMRC. We will hold discussions with DMRC officials soon. We are also analyzing the project cost and looking for revenue generation options,” Yadav told HT.
According to sources, the generation of funds for the project will be a major worry for the GDA as majority of private developers have already availed hiked floor area ratio (FAR) for construction activities in the areas along the proposed Metro line.
The second phase of Metro in Ghaziabad -- Dilshad Garden to New Bus Stand route -- is waiting for the signing of memorandum of understanding between the DMRC and the GDA. The total cost of the 9.41-km line to be borne by the UP agencies stands at Rs. 1,116 crore, averaging about Rs. 118 crore per kilometre.
On the other hand, the 2.7-km Indirapuram link is likely to cost the state government Rs. 139 crore per kilometer. This proposed route will have two Metro stations at CISF and near DPS Indirapuram within Ghaziabad.
At present, the Metro operates on mere a 2.57-km stretch between Anand Vihar and Vaishali in Ghaziabad.
The Indirapuram Metro link will be an extension to the proposed Noida City Centre-Sector 62 route, which will have six stations at sectors 34/51, 71/72, 61, Mamura, Fortis, and Electronic City.