GDA asks UP to share phase 3 metro fund

Ghaziabad: The Ghaziabad Development Authority held a meeting with state government officials and decided on a fund sharing pattern for the metro phase-3 project on the Vaishali-Mohan Nagar and Noida Electronic City-Sahibabad corridors. The GDA has asked the state to bear half of the total project cost.

The detailed project report (DPR) of the two corridors, that was sent to the state government earlier, will now be forwarded to the state finance department for approval.

“We have made it amply clear to the state government that the GDA is in no position to share the cost of the phase 3 metro corridors as suggested by the DMRC in its DPRs. So, we had suggested that state government bears 50% of the total cost of the two corridors, which has been pegged at Rs 3, 352.22 crore,” said an official.

GDA had sought Rs 1, 662.62 crore from the state government for the project.

According to the DPR, the estimated cost of the 5.04-km-long Vaishali-Mohan Nagar line has been pegged at Rs 1, 808 crore. The DMRC suggested the centre share in the project to be Rs 210.67 crore and the state’s share, through its agencies like GDA, GMC, UPSIDC and Housing Board, be Rs 842.68 crore.

However, GDA had proposed that the state government’s share be Rs 904 crore while GDA’s share be Rs 229.09 crore. The GMC’s share was to be Rs 82.86 crore, UP Housing Board’s share was Rs 146.23 crore and UPSIDC’s share was Rs 29.25 crore. It had also included DMRC’s share in the form of rolling stock, which was Rs 189.22 crore.

According to the DPR submitted by the DMRC, the estimated cost of the 5.01-km-long Noida Electronic City-Sahibabad line had been pegged at Rs 1, 517 crore.

GDA suggested that the Uttar Pradesh government’s share in the project be Rs 758 crore, GDA’s share was Rs 152 crore, GMC’s share was Rs 55 crore, UPSIDC’s share was Rs 19 crore, UP Housing Board’s proposed share was Rs 97 crore and DMRC’s share in the form of rolling stock was Rs 197 crore.

Sources : TOI