The state cabinet, which met under the chairmanship of chief minister Manohar Lal Khattar, also decided that the state government will stand guarantor for a loan of Rs 876 crore, to be taken by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) from Hudco, to acquire 365 acre for the project.
Government officials said the proposal was of great strategic importance, as Japan International Cooperation Agency (JICA) has committed in-principle to provide Rs 16,000 crore for the project. The MRTS is being developed as a project under the Delhi Mumbai Industrial Corridor Development Corporation. In the first phase, which got the crucial nod on Thursday, an elevated corridor will proceed from Huda City Centre towards the Southern Peripheral Road (SPR) and finally to Panchgaon Chowk, located on NH 8 near Manesar. In the second phase, the Metro link will travel from Panchgaon Chowk to Bawal industrial area, and in the third phase, there are chances it will be further extended all the way to Neemrana in Rajasthan. The proposed length of the corridor is 108km.
The project was earlier slated to start in 2015 and finish within four years. In 2012, an extension of the Metro line till Neemrana was also proposed, but a final decision on that is yet to be taken. The project will be developed as a public-private partnership, and was first announced as part of DMIC in 2009. Around 140 acres have been acquired for a Metro depot near the Global City Project for the purpose.
According to authorities, the first phase is likely to be launched next month.
“If everything goes as per plan, we’re looking to launch the first phase by March-end,” said a state government official.
Source - ET Realty
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