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.
Read Also : RBI circular mandated disclosure of all fee data from October, 1
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project