road-and-transport-news
Greater Noida Metro
Noida: The Union government will partially fund the Noida-Greater Noida metro rail corridor being built on the outskirts of the national capital at a cost Rs 5,500 crore.
The Cabinet on Wednesday formally approved the project, being implemented by the Noida Metro Rail Corporation Ltd (NMRC), which will pave the way for the Centre to provide Rs 970.62 crore "in equity and subordinated debt".
NMRC, a special purpose vehicle created by the Uttar Pradesh government, will now be converted into equal joint venture of the state and central governments.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : IREDA Posts Strong Q1 Growth; Disbursements Jump 31%, Loan Book Rises 27%