#NMRC clears Rs 870cr fund for projects

The board also approved a rights issue of Rs 500 crore for cash infusion and an equity sharing agreement has been signed between Noida and Greater Noida authorities. The total cost of the Noida-Greater Noida Metro cost is around Rs 5,500 crore and it is expected to be completed by 2017. Reviewing the progress of the 28-km Metro link between Noida and Greater Noida, officials said that the tenders for the depot have been accepted and work is scheduled to start by the end of this month.