UP government denies GDA's request to fund Ghaziabad metro project
RAILWAYS & METRO RAIL

UP government denies GDA's request to fund Ghaziabad metro project

The Uttar Pradesh government denied the Ghaziabad Development Authority's proposal for 50% state support. In addition, the government notified them via an online meeting that the maximum state financial contribution for other Metro projects in Uttar Pradesh is 27%.

Two proposed metro expansions in Ghaziabad are from Noida Sector 62 to Sahibabad and from Vaishali to Mohan Nagar.

GDA wants Rs. 15.17 billion for the Noida Sector 62 to Sahibabad line and Rs. 18.08 billion for the Vaishali to Mohan Nagar route, according to the budget expected in detailed project reports (DPRs) submitted to GDA by the Delhi Metro Rail Corporation (DMRC) in January 2020.

According to Brijesh Kumar, the GDA's secretary, they have requested that the state establish procedures and a funding structure so that the two extensions can begin.

He further added that the entire cost of Rs 33.25 billion for two projects was calculated using a 2020 price index and that cost escalation is expected at present prices. "Based on the current price index, we anticipate a 10% increase in costs." As a result, the DPR rates will be updated as soon as state officials send us the funding schedule and projected state government contribution.

The state administration had previously refused GDA payments in January. However, in response to orders issued by Deputy Chief Minister Keshav Prasad Maurya during his April 5 visit to Ghaziabad, the two were forwarded to state officials once more.

See also:
Ghaziabad Priority Section soon to commence operations
UP metro projects will receive $3 billion investments from EIB


The Uttar Pradesh government denied the Ghaziabad Development Authority's proposal for 50% state support. In addition, the government notified them via an online meeting that the maximum state financial contribution for other Metro projects in Uttar Pradesh is 27%. Two proposed metro expansions in Ghaziabad are from Noida Sector 62 to Sahibabad and from Vaishali to Mohan Nagar. GDA wants Rs. 15.17 billion for the Noida Sector 62 to Sahibabad line and Rs. 18.08 billion for the Vaishali to Mohan Nagar route, according to the budget expected in detailed project reports (DPRs) submitted to GDA by the Delhi Metro Rail Corporation (DMRC) in January 2020. According to Brijesh Kumar, the GDA's secretary, they have requested that the state establish procedures and a funding structure so that the two extensions can begin. He further added that the entire cost of Rs 33.25 billion for two projects was calculated using a 2020 price index and that cost escalation is expected at present prices. Based on the current price index, we anticipate a 10% increase in costs. As a result, the DPR rates will be updated as soon as state officials send us the funding schedule and projected state government contribution. The state administration had previously refused GDA payments in January. However, in response to orders issued by Deputy Chief Minister Keshav Prasad Maurya during his April 5 visit to Ghaziabad, the two were forwarded to state officials once more. See also: Ghaziabad Priority Section soon to commence operationsUP metro projects will receive $3 billion investments from EIB

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement