On 7 April 2006, an agreement was signed between Delhi Metro Rail Corporation and Noida for the Rs.736 crore Delhi-Noida Metro Rail project.

According to the agreement signed, the metro will cover a distance of 7 km. in Noida Sector 15, Sector 16, Sector 18, Botanical Garden, Golf Course and Sector 32 City Centre.

Noida is expected to bear the cost of land that will be around 32 crore and the remaining Rs.611 crore capital cost of the network will be shared by Uttar Pradesh government and the Union government in the ratio of 85:15. Noida will be approaching the centre for its 15 per cent contribution.

Work on the project is scheduled for completion by June 2009 along with the 8.07 km. Indraprastha-New Ashok Nagar corridor.

A proposal for the Dwarka Sub City has also been sent to the Union Urban Ministry for consideration and work is expected to commence before the 2010 Commonwealth Games in Delhi. The fund arrangement recommended in the DPR for the extension of Line No.3 (Barakhamba Road-Dwarka) into Dwarka Sub-City has also been approved by the Union Ministry of Urban Development, it is learnt.

Also see:

DMRC falls short of Rs.550 crore (03-Feb-06)

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