Noida forms its own metro rail company
One and half year after the announcement, the Noida authority on Friday said that it has finally formed – Noida Metro Rail Company (NMRC) that will build and run metro projects in state like the Delhi Metro Rail Company (DMRC).india Updated: Nov 08, 2014 21:20 IST
One and half year after the announcement, the Noida authority on Friday said that it has finally formed – Noida Metro Rail Company (NMRC) that will build and run metro projects in state like Delhi Metro Rail Company (DMRC).
Registrar of companies, a central government agency that works under ministry of corporate affairs in Kanpur on November 5 had registered NMRC after the Uttar Pradesh cabinet had given its green signal to this ambitious project.
The Noida authority had on May 27, 2013 announced that it will form NMRC to expedite metro link projects in Noida, Greater Noida and Yamuna Expressway areas to offload DMRC, which is overburdened by work in Delhi and other cities.
NMRC’s first project will be to construct and run 30-km-long link between Noida City Centre and Greater Noida’s Bodaki.
“DMRC will assist NMRC in building 30 km metro link. But NMRC will run this project on its own. Once NMRC gains experience of building and running a metro project, it will take-up new metro projects in UP cities in future,” said a senior official at the Noida authority.
However, old approved metro projects such as 3.9-km-long link from Kalindi Kunj to Botanical Garden and 6.8-km link from City Centre to Sector 62 towards NH-24 will be completed by the DMRC as planned earlier.
The authority has started NMRC with an initial capital of Rs 1000 crore.
“We have prepared a draft of 29 agendas for NMRC’s first board meeting to be held next week. We will plan future course of action in our board meeting. NMRC board will decide whether we would recruit new staff or rope in government officials on deputation to manage metro projects,” said a senior Noida authority official.
UP chief secretary or industrial development commissioner (IDC), Noida chairman and finance controller will be its 3 directors to begin with.
“CEO Noida Rama Raman will be NMRC’s first managing director (MD) and UP chief secretary Alok Ranjan will be first chairman. In board meeting next week we will define its legal and operation provisions,” said GP Singh finance controller (FC), the Noida authority.
The Comptroller and Auditor General (CAG) of India will carry out auditing of NMRC, said officials.
Officials said after Bangalore, Kochi, Jaipur and Chandigarh, Noida has become a city to boast its own metro rail company.