The GNIDA (Greater Noida Industrial Development Authority), on Dec 12, 2019, released Rs 25 crore as part of its total share for the first phase construction of the extension of Noida-Greater Noida Metro rail (Aqua Line) corridor. The 14.958 km long extension line will have 9 stations.
- The development came after the state government refused to fund the project and asked both the Noida and Greater Noida authorities to bear the cost of construction and share the amount depending upon the number of metro stations falling under their jurisdiction respectively.
- The entire project would connect Sector 71 in Noida and Knowledge Park V in Greater Noida.
- The extension project will be completed in two phases.
- The first phase would be between Sector 71 and Greater Noida Sector 2, while the second phase would be between Greater Noida Sector 2 and Knowledge Park V stations.
- There will be 5 metro stations in the first phase — Noida Sector 122, Sector 123, Greater Noida Sector 4, Eco Tech, and Greater Noida 2, while 4 stations in the second phase — Greater Noida Sector 3, Sector 10, Sector 12 and Knowledge Park V.
- Deep Chandra, Additional Chief Executive Officer, GNIDA said,”The total cost for the first phase construction of the project will be Rs 1,064 crore. Greater Noida authority will fund a larger portion of the corridor which will be 66.75% of the total cost as seven of the total 9 stations are falling under GNIDA jurisdiction. Rest 33.25% will be shared by Noida authority.”
- He said, “The Greater Noida authority has released Rs 25 crores as first instalment of the total contribution to get the work started at earliest. Further amount will kept on be releasing as the construction work proceeds.”
- The construction, execution and project contract management will be carried out by the Noida Metro Rail Corporation (NMRC), while DMRC (Delhi Metro Rail Corporation) will assist in designing and preparing the tender documents, according to a senior official of NMRC.