Infra-heavy budget for Noida
The three development authorities in Noida, Greater Noida and Yamuna Expressway will table their budgets on Tuesday. The total amount is Rs 17,000 crore.india Updated: Mar 29, 2011 01:18 IST
The three development authorities in Noida, Greater Noida and Yamuna Expressway will table their budgets on Tuesday. The total amount is Rs 17,000 crore.
The share of Noida, Greater Noida and Yamuna Expressway will be Rs 6,000 crore, Rs 5,000 crore and Rs 6,000 crore respectively. The budgets will be tabled during the last board meeting of the three authorities for this fiscal year. It is likely that Greater Noida and Yamuna Expressway authorities may hike plot rates.
The Metro extension in Noida will also be discussed during the board meeting. Noida will spend the amount on construction of three elevated roads, three flyovers, five underpasses and other infrastructure projects.
The allocations for rural development, civil and maintenance work will also be upped. Noida is likely to spend 30% of the total amount on infrastructure development, plus a dedicated traffic authority may also get nod.
The infrastructure plans include construction of bridges over the Yamuna, starting the Greater Noida Metro project and Ganga water schemes.
The authority has already approved Rs 100 crore to develop Noida Stadium. Noida has been investing a lot in infrastructure projects for the last few years.