Cabinet nod for extension of Delhi Metro corridor from Noida City Centre to Sector 62, Noida

The Union Cabinet today approved the extension of the Delhi Metro corridor from Noida City Centre to Sector 62, Noida, covering a length of 6.675 km at a total completion cost of Rs. 1,1967 crore.
The decision is expected to provide a major boost to public transport infrastructure in Noida in Uttar Pradesh, an official press release said.
The Government of India's liability would be Rs. 340.60 crore on account of Grant and Subordinate Debt, it said.
The project will be implemented by Delhi Metro Rail Corporation Limited (DMRC), the existing Special Purpose Vehicle (SPV) of the Government of India and Government of National Capital Territory of Delhi.
"The extension of Delhi Metro corridor from Noida City Centre to Noida Sector 62 is the extension to Dwarka-Noida City Centre line of Delhi Metro system which will result into people being assured about their mobility and thus more people will like to move to this satellite town of Delhi, thus decongesting Delhi. As a result, more residential and commercial complexes will develop in this region. With metro rail in place, there will be less vehicular traffic on roads leading to less congestion, less time and cost of journey, less consumption of fossil fuel and less environmental pollution.
"The population of Noida and people of surrounding areas will be greatly benefitted by the extended line. At the project site, approximately 800 staff including engineers and other staff have been engaged. Further, DMRC has started the procedure for recruitment of around 200 employees for Operation & Maintenance of this corridor.
"About 81% progress of civil work and 55% of overall financial progress of the project have been achieved," the release added.
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