The Rs.5,503cr Noida-Greater Noida Metro tops the list
The National Capital Region Planning Board (NCRPB), having raised funds from the market and through agencies such as ADB and KfW, has provided financial assistance to 360 infrastructure development projects so far with an estimated cost of Rs.31,464 crore.
Of the committed assistance, the NCRPB has sanctioned Rs.15,105 crore of loans so far and released loans of about Rs.12,441 crore till 27 September 2020.
This update came from the 59th PSMG-I meeting held on 28 Sept 2020 under the chairmanship of Durga Shanker Mishra, Secretary, the Ministry of Housing & Urban Affairs, a parent group of NCRPB.
The recent projects are:
29.707-km Metro connection between Noida and Greater Noida, costing Rs.5,503 crore, is being funded through NCRPB which has to date sanctioned Rs.1,587 crore and released Rs.1,430 as a loan.
Rejuvenation of Amanishah Nallah (Dravyavati River) including Area Development in Jaipur City. The project cost is Rs.1,582.06 crore with Rs.1,098 crore sanctioned and Rs.1,059 crore.
Development of Six lane Elevated Road (Hindon) in Ghaziabad, Uttar Pradesh. The project cost is Rs.1,147.60 crore and Rs.700 crore sanctioned and released.
Development of access-controlled Kundli-Manesar-Palwal Expressway section. The project cost is Rs.457.81 crore, for which Rs.343.35 has been sanctioned and Rs.333.96 of loan has been released.
Construction of Elevated Road from Sodala Tri-junction to LIC Office near Ambedkar Circle, Jaipur. The project cost is Rs.225.00 crore, Rs.168.75 crore sanctioned and Rs.150.00 crore loan released.
Construction of 2 lane Relief Road from Ghogripur to Haryana-Delhi Border near Hareveli Village along the banks of Western Yamuna Canal (WYC) falling in Sonipat District. The project cost is Rs.200 crore, Rs.150 crore and Rs.75 crore of loan released.
NCRPB borrows from the market and avails loans from multilateral and bilateral agencies i.e. ADB and KfW and extends loan assistance to NCR participating States and their parastatal agencies on very cheap interest rates for harmonized infrastructure development.
NCRPB has the mandate to prepare a Regional Plan for the development of the National Capital Region and for coordinating and monitoring the implementation of such Plan, and for evolving harmonized policies for control of land uses and development of infrastructure in the Region to avoid any haphazard development of the Region. #projects #funds #banks #development #NCR /fiinews.com
