Metro Rail News Online

Nodia: The Noida Metro Rail Corporation has received Rs 687.62 crore on Monday from Ministry of Housing and Urban Affairs for its Aqua line project. The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor. The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. The Noida metro had become a joint venture between the centre and the Uttar Pradesh government after the two inked a Memorandum of Understanding (MoU) earlier this month.According to NMRC officials, the arrival of the fund will give wings to the project. According to P D Upadhyay, General Manager/Finance of Noida Metro, “The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor. The NMRC board is supposed to have a full time managing director nominated by the UP government. The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. Thereafter, we will hav...

Nodia: The Noida Metro Rail Corporation has received Rs 687.62 crore on Monday from Ministry of Housing and Urban Affairs for its Aqua line project. The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor. The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. The Noida metro had become a joint venture between the centre and the Uttar Pradesh government after the two inked a Memorandum of Understanding (MoU) earlier this month.According to NMRC officials, the arrival of the fund will give wings to the project. According to P D Upadhyay, General Manager/Finance of Noida Metro, “The fund is part of the Rs 970 crore equity of the Centre in the 29.9 km Noida-Greater Noida metro corridor. The NMRC board is supposed to have a full time managing director nominated by the UP government. The balance Rs 282.38 crore, which is the subordinate debt (tax), will come next year. Thereafter, we will hav...

Kerala: The cost of placing the ambitious Light Metro along 35.12 km in Thiruvananthapuram and Kozhikode has increased by ₹ 700 crore from ₹ 6,728 crore with the addition of parameters such as the transport-oriented development plan, financing of value capture and public-private partnership (PPP) in the new policy of Metro Rail. The Internal Rate of Economic Return (EIRR) of 17.99% for the Thiruvananthapuram project and 17.39% for Kozhikode have also risen according to the elaborate Project Report (DPR) ‘prepared’ prepared by Delhi Metro Rail Corporation (DMRC) as Senior Advisor, DMRC, E. Sreedharan. The collection of automatic fares and the operation of elevators and escalators in light metro stations in the two cities were included in the PPP mode in the “DPR Supplement” submitted to the Chief Secretary K.M. Abraham, Principal Secretary, Department of Public Works, G. Kamalavardhana Rao, and Kerala Rail Transit Ltd (KRTL), the special purpose vehicl...