Skip to main content

Ghaziabad Metro phase-2 project hangs fire over funding

GHAZIABAD: The second phase of Ghaziabad's ambitious Metro project -from Dilshad Garden in Delhi to New Bus Stand -is facing uncertainty over funding. 

Principal secretary (housing) and Ghaziabad Development Authority (GDA) chairman Sadakant Shukla on Monday said the UP government had not allocated any funds for the project in its budget and the state agencies that had promised to partly fund the Rs 2,208 crore project were now backing out. 

However, modalities are being worked out for ensuring the ongoing Metro work is not affected due to paucity of funds and a decision is likely to be taken soon in Lucknow over external funding for the project if state government agencies failed to pay up their share of costs, Shukla said. 

In fact, the Metro project is being jointly funded by the Centre, the Delhi Metro Rail Corporation (DMRC) and the UP government. While the Centre and DMRC have pledged Rs 730 crore for the project, the state government will be bearing a burden of Rs 1,478 crore. The state government funds will be made available by GDA, the UP Housing Board, the Ghaziabad Municipal Corporation and the UP State Industrial Development Corporation. 

"There is no separate component in the state budget for the ongoing Ghaziabad Metro project, though a sum of Rs 700 crore has been reserved in it for the Lucknow Metro. Certain state government agencies have expressed their inabilities to bear their share of financial burden for the Metro project," he said. 

"As of now, work on the project is progressing smoothly without any financial constraints whatsoever.However, an external funding or external loan might be necessary . " added Shukla.

Comments

  1. UnknownOctober 26, 2017 at 11:52 AM

    Pooja Roy Like To Read your Post Because Your Post Is very interesting thank you so much give us information keep posting good luck ……………….
    Call girls in delhi
    aerocity escorts
    Independent escorts in gurgaon
    Call girls in dwarka
    High Profile Escorts in Delhi

    ReplyDelete

Post a Comment

Popular posts from this blog

GDA, builders unite to decongest Raj Nagar Extension

GHAZIABAD: Builders in  Raj Nagar Extension  and the Ghaziabad Development Authority  (GDA) have joined hands to put an end to congestion woes in the area. The move would give a breather to the people commuting through the area and builders believe that this will entice more people into buying a property in the area. "To execute the proposed traffic decongestion plan for NH 58 and other roads in Ghaziabad,  GDA  has decided to complete these works in association with Raj Nagar Extension Developers Association," said Gaurav Gupta, spokesperson of the Association. Mr Gupta added, "The authorities propose to restructure of the NH-58 stretch - from Meerut-crossing (near new bus stand) to ALT-cut."  The builder and GDA team will undertake maintenance of the road and close down illegal cuts on the road (used for taking U-tunr) which have been the main reason behind the mess. The project is already underway and is expected to incur a cost of Rs 2 crore.  The...
3 comments
Read more

DPS Ghaziabad sports to the top

he red brick structure of Delhi Public School (DPS) Ghaziabad stands in stark contrast to the dusty road that leads to the school. Located on the Delhi-Meerut highway and spread over 15 acres, the campus offers Wi-Fi facility and is also home to six international-quality cricket pitches,  four basketball courts and a skating rink. The 29-year-old school is naturally one of the popular choices for parents in Ghaziabad. "The school has a unique login ID for each student. This system allows us to be in touch with the progress in the classrooms. The teachers are very tech-savvy and are extremely organised," said Dr Anju Rai, a gynaecologist, whose two sons study in the school. "If my child is unable to attend school, we can access the lessons taught in class through this system." The school has 3,000 students and 160 permanent teachers led by an award-winning principal. "The teacher student ratio is 35:1. This helps us give individualised att...
Post a Comment
Read more

Sahibabad Inc planning its next move; annual general meet reviews work by industrial association

GHAZIABAD : The main players in the  Sahibabad Industrial Area  assembled last week in the Radisson Blu hotel in Ghaziabad for their annual general meeting (AGM) to reflect on the work done by the  Sahibabad Industrial Association  in past one year. The meeting also saw many important decisions being taken with members tenure being extended and  SK Maheswari becoming the new vice president of the association."As an association we have achieved a lot this year substantiating the fact that unity is strength," said Prem Khanna, president of the industrial association.  While there were many high points this year for the association but a few of them were noteworthy, emphasized the president. "The association took some of the infrastructure issue in site 4 to the municipal corporation. We have successfully persuaded the body to improve 42 roads in the area along with the installation of interlocking tiles on the sides of the road," said Khanna further.  T...
Post a Comment
Read more