Noida Metro Looking to Follow the DMR Model
The newly registered Noida Metro Rail Corporation (NMRC), the Noida regions own Rail Company is looking to follow the successful model of the Delhi Metro Rail Corporation (DMRC) as Uttar Pradesh looks to propagate the metro rail presence across the state.
NMRC will be wholly owned and funded by Noida and Greater Noida as Noida Metro Rail Corporation (NMRC) is registered under the companies act making it a professionally run and managed organization. The Uttar Pradesh chief secretary Alok Ranjan, the newly nominated chairman of Noida Metro Rail Corporation has said that the company is likely to follow the Delhi Metro model with 50% stake each of the Centre and the state for all future projects.
With the official formation of Noida Metro Rail Corporation (NMRC), Noida has become the third city in the NCR to have its very own Metro rail company. The government of Uttar Pradesh on its part has allocated an initial corpus of Rs 1,000 crore as primary capital towards the day to day functioning of the organization. NMRC will be involved in the planning and implementation of Metro rail, monorail and high-speed rail projects both in Uttar Pradesh and other states in the future. The company is soon estimated to begin work on its first project on the proposed 29-km-long metro link between Noida and Greater Noida. The project is estimated to cost Rs 5,533 crore but is likely to bridge the gap between Noida, Greater Noida and New Delhi making it an essential route for metro rail connectivity.
After the completion of the first project connecting Noida and greater Noida, the Noida Metro Rail Corporation (NMRC) is likely to look at all other projects including metro extension in other areas of Noida, Greater Noida covering the Yamuna Expressway areas. Since Noida Metro Rail Corporation is a new organization and begins in a clean state, all the older announced projects of metro rail connectivity including 3.9-km-long link from Kalindi Kunj in Delhi to Botanical Garden in Noida, and the 6.8-km link from City Centre to Sector 62 in Noida would be completed by the Delhi Metro rail corporation as per earlier announced schedule of the DMRC.
Delhi Metro Rail Corporation, high-speed rail projects, metro rail, Monorail, NMRC, Noida Metro Rail Corporation
