Greater Noida: The Greater Noida Industrial Development Authority (GNIDA) has released the funds of Rs 30 crore for the on-going Noida and Greater Noida metro corridor.
The funds released will be used to buy around hundred Metro rail coaches which have already been landed on the Jawahar Lal Nehru airport in Mumbai from China a month ago.
The coaches could not be released yet due to crisis of funds, said authority officials.
Around 95 per cent of the civil work at the 29.7 km metro link has been completed. The metro corridor between Noida and Greater Noida will have 21 elevated stations and will provide a deeper connectivity into Noida and Greater Noida and to dozens of housing societies that are to be occupied in the next one year.
Though the coaches were landed in Mumbai but could not get shifted to Noida. The board needs to pay the amount before getting the coached delivered to them.
"For buying the metro coaches, the Greater Noida authority was supposed to release funds of Rs 30 crores while the Noida authority had to raise a support of Rs 70 crores. The authority has also promised to extend their part of financial support very soon. After the release of funds, the work of laying down these coaches on the track will be started. The trail on these track will be started soon and we expect the metro corridor gets finished before its fixed deadline," said a senior official of GNIDA.