The Haryana Cabinet on Thursday approved the extension of Metro Rail from Narela in Delhi to Kundli in Sonepat district. The project will…
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The Haryana Cabinet on Thursday approved the extension of Metro Rail from Narela in Delhi to Kundli in Sonepat district.
The project will be financed by way of grant by the state government and the Central government in the ratio of 80:20 and implemented on the funding pattern adopted in the case of Gurugram, Faridabad and Bahadurgarh Delhi Metro Rail Corporation (DMRC) Metro extension.
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The state government will contribute Rs.968.20 crore as its share in the project. The length of this extension is 4.86 kilometer with three stations namely, Narela Sector 5, Kundli and Nathupur. All the three stations will be elevated.
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The Metro extension from Narela to Kundli is proposed to be constructed from April 2018 to March 2022.
The Cabinet also approved the revised funding pattern of Metro projects in the state. Under the revised funding pattern, funds for Metro projects being executed by the DMRC in Haryana will be contributed by the state government and its agencies in the ratio of 50 per cent by the Haryana Infrastructure Development Board, 20 per cent by Haryana Urban Development Authority(HUDA), 18 per cent by state government and 12 per cent by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), respectively.
The state government has notified a revised Transit Oriented Development (TOD) Policy, which prescribes parameters for creating TOD as a means of densification of the corridors along the Mass Rapid Transit System (MRTS) projects, and also as a source of generating revenue for financing these MRTS Projects.
The fee or charges collected under this policy will be kept under a separate head in the Infrastructure Development Fund and will be exclusively utilised for implementation of MRTS projects.
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