Noida metro Aqua Line gets green signal from PIB

14 Dec 2022 CW Team

The proposed extension of the Aqua Line in Greater Noida from Sector 51 to Knowledge Park V has received the approval of the Public Investment Board (PIB) and can now be placed before the Union Cabinet, whose clearance will allow work to begin on the project.

This is the first of the two proposed extensions of the Aqua Line, the other being the expressway arm from Sector 142 to Botanical Garden, the alignment and other aspects of which are yet to be finalised.

In a statement last week, the Noida Metro Rail Corporation (NMRC) said the PIB clearance came last month at a meeting chaired by the finance and expenditure secretaries and attended by the secretary of the ministry of housing and urban affairs as well as Noida Authority chief executive officer and NMRC managing director Ritu Maheshwari.

The extension, which has already been approved by the state government, will cover 14.9 km over nine stations and will be built at a cost of Rs 21.97 billion. “This will provide a fast, reliable and environment-friendly public transportation system in the area,” the NMRC stated.

This corridor will be built in two phases. The first phase of 9.6 km will have five stations, while in the second phase of 5.8 km, four stations will be built. NMRC will build this corridor itself, unlike the main Aqua Line, which was developed by DMRC. An NMRC official said the detailed project report (DPR) of the Knowledge Park V extension route will be sent to the Cabinet for final approval.

Infrastructure Urban

08 Sep 2025

RBI to Withdraw Rs 1.5 Trillion via 8-Day VRRR Auction

The Reserve Bank of India (RBI) has announced an eight-day Variable Rate Reverse Repo (VRRR) auction to be held on Thursday, with the objective of withdrawing Rs 1.5 trillion from the banking system. This move comes amid a significant liquidity surplus, which stood at Rs 3.03 trillion as of Tuesday, according to the central bank’s latest data.VRRR operations are a key liquidity management tool used by the RBI to absorb excess cash from the financial system and align short-term interest rates with the policy repo rate. By conducting such auctions, the RBI aims to maintain monetary stability a..

India Must Curb Imports to Shield Aluminium Sector: ALEMAI

The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to revise import duties, review free trade agreements (FTAs), and implement policies that encourage domestic consumption in order to mitigate the impact of increased US tariffs on aluminium imports.Speaking at the curtain raiser event of ALUMEX India 2025, India’s first dedicated aluminium extrusion exhibition, ALEMAI President Jitendra Chopra stated that although the industry has an installed capacity of three million tonnes per annum, only 1.2 million tonnes are currently utilised. In contrast, imp..

Push Renewed for Ganjam Greenfield Airport Project

The long-standing demand for a Greenfield Airport in Ganjam district, Odisha, has regained momentum as local residents and leaders renew calls for swift action from both the state and central governments. Despite prolonged discussions over the years, a final decision on a suitable location is yet to be taken.The urgency intensified after the central government identified land for a greenfield airport just 30 km away, at Baruva in neighbouring Andhra Pradesh. In response, Odisha’s Transport Minister has urged authorities to establish a similar facility at Subani village, located close to the ..