Metro phase II: Ambiguity hits funding pattern
The joint funding patterns for development of phase II of Metro line in Ghaziabad are changing frequently as the officials from various agencies have now requested the state government to provide 50% of the funding, as local agencies have shown their reservations about the provisions for funding.india Updated: Sep 13, 2011 23:31 IST
The joint funding patterns for development of phase II of Metro line in Ghaziabad are changing frequently as the officials from various agencies have now requested the state government to provide 50% of the funding, as local agencies have shown their reservations about the provisions for funding.
In a recent meeting held at the office of commissioner (Meerut), these officials decided that out of the total cost of R815 crore, 50% would be requested from the state government and the remaining would be shared by the Ghaziabad Development Authority (GDA), municipal corporation, UP State Industrial Development Corporation (UPSIDC) and Avas Vikas Parishad.
In a previous allocation, around a fortnight back, the 50% of the funding for phase II were to be borne by the GDA and the remaining by the other three agencies.
“During the meeting, these agencies were not very upbeat to share the funding. It is now decided to ask the state government to contribute 50% of the cost. If they don’t, we will again revert to the previous funding pattern,” GDA vice-chairman Narendra Kumar Chaudhary told HT.
The phase II of the Metro line in Ghaziabad will be an extension from Dilshad Garden (in Delhi) to Arthala (near Mohan Nagar), a stretch of over 7.31 km.
The funding for the phase II extension has always been shrouded with uncertainties as the GDA receives only R150 crore as infrastructure development fund every year. It is not possible for the GDA to meet out the entire cost on its own in a span of three years. Previously, the GDA solely contributed around R300 crore for the Metro phase I, from Anand Vihar to Vaishali.
Besides, GDA’s proposal for funding phase II of the Metro extension through levy of Metro cess on new housing project was also turned down earlier.
However, the GDA has been asked to set aside a reserve of R100 crore to be paid to Delhi Metro Rail Corporation (DMRC), once the memorandum of understanding gets signed for the said project.
First Published: Sep 13, 2011 23:28 IST