Noida Metro gets Centre's nod, to come up by 2017.

The long-awaited Metro rail link between Noida and Greater Noida has got a green signal from the urban development ministry. In a board meeting held recently, the ministry approved Delhi Metro Rail Corporation's (DMRC) appointment as a consultant for the project on a turnkey basis, sources said. The 30km link will be built at a cost of about Rs. 5,000 crore.

Construction work on the new link will commence after a memorandum of understanding (is signed between the Noida Authority and the DMRC, sources said. Terms of the MoU have already been approved and submitted to the UP government in Lucknow for its approval.According to officials of the Noida Authority, the MoU is likely to be signed after the general elections while work could begin in the next two months.

ET