| State wants funding pattern modified ;Two Metro links to be set up from Badarpur to YMCA Chowk, Fari by AllIsWell on 14 May, 2012 - 06:01 PM | ||
|---|---|---|
 AllIsWell | State wants funding pattern modified ;Two Metro links to be set up from Badarpur to YMCA Chowk, Fari on 14 May, 2012 - 06:01 PM | |
Chandigarh : The resources crunch has forced the Haryana Government to seek a revised funding pattern for two of its ambitious mega projects costing around Rs 6,300 crore from the Central Government.The state government now wants that the funding pattern for the projects, two Metro links and the Regional Rapid Transit System (RRTS), should be modified from 80:20 to 50:50. Since people from other parts of the country would also benefit from these two mega projects, the state government alone will not be in a position to fund these projects, a senior official said.The official said the two Metro links from Badarpur to YMCA Chowk, Faridabad, and from Mundka to Bahadurgarh, would go a long way in taking care of the commuting needs of residents of the National Capital Region (NCR).While the Rs 2,494-crore 13.8-km Badarpur-Faridabad Metro link would cost Rs 1,557 crore to the Haryana Government, it would have to shell out Rs 789 crore for the Rs 1,916 crore 11.1-km Mundka-Bahadurgarh Metro link.As far as the RRTS were concerned, the 180-km Delhi-Gurgaon-Rewari-Alwar would cost Rs 24,600 crore with Haryana’s share being Rs 1,684 crore. And with 111-km Delhi-Sonepat-Panipat costing around 16,552 crore, Haryana’s share would be Rs 2,194 crore. “The RRTS projects should be declared as national projects since Haryana will not be able to fund these projects as they are highly capital intensive,” the officer demanded. | ||