The Noida and Greater Noida authorities are likely to approve the detailed project report of a 29-km-long Metro link in their board meeting on Monday.
Officials maintained that they have revised the old DPR and already had made necessary changes. The new line will connect Greater Noida to Delhi and other NCR towns. The project is estimated to cost about Rs 6,500 crore.
In an earlier board meeting held on January 11, both the authorities had given in-principal approval to the proposed route between Noida's Sector 32 (City Center) and Bodaki in Greater Noida.
In 2011, the previous state government had approved a similar project but nothing happened on the ground. However, it helped many private builders in selling flats to homebuyers.
Apart from the Metro line, other important projects which are likely to get board approvals include a convention center on 25 acres of land and a medical university in Greater Noida. The Noida authority may also approve the proposal of a 35-acre herbal park and a project related to city bus service.
"We will also approve funds for infrastructure projects like four underpasses and 2 elevated roads," said an authority official.
Officials said that the total budget of Noida for the current financial year is expected to be R 11,000 crore.