Thursday, December 30, 2010

Greater Noida Authority will spend R 10,000 crore in 2011

New Year 2011 is going to be a great infrastructural year for Greater Noida. To make the extension of the Metro line, Noida authorities have published a budget for the coming year.

Noida authorities will spend R 10,000 crore for the project over the next five years and it is expected to begin from the middle of the year which will take the Metro up to Greater Noida.

Mohinder Singh, who is the CEO and chairman of Noida Authority, announced that the project will start in the first week of February. Mohinder Singh said,

“In February, we will forward the request for qualification, after which we will start the tendering process. By June, we expect the project to be awarded to companies successful in the bidding process. By July, the construction of the Metro should start,”.

Four bridges over river Yamuna, two major road corridors with flyovers, underpasses and signal-free traffic are included in this project. Besides, it will make a link between Delhi and Mumbai through freight corridor, Eastern Peripheral and Upper Ganga expressways.

Noida, Greater Noida and Yamuna Expressway have put together a “never-before” roadmap for these projects. The two major road corridors will be 130-meter wide to facilitate the BRT plan.

Real estate firm, Parsvnath Developers, said it has received occupation certificate for one of its luxury project 'Parsvnath Panorama' in Greater Noida from Greater Noida Industrial Development Authority.