NOIDA: Public Investment Board (PIB), Ministry of finance, Government of India on Friday has cleared a proposal for 20% equity share of the Centre for the 29.7 kms Noida-Greater Noida Metro corridor. This now paves the way for Noida Metro Rail Corporation (NMRC) to get Rs 1034 crore—20% funds of Rs 5533 crore, the total cost for the Metro project—from the Central government in the form of equity. As per Santosh Yadav, Managing Director, NMRC funds will be released in a phased manner in the next three years,...
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