Noida Authority will spend over Rs 9,000 crore on development activities including land acquisition, in the financial year 2016-17.
The Noida Board, at its meeting on March 14, 2016, approved the proposed expenditure of Rs 9,058 crore. Of this, Rs 1,300 crore will be spent on land acquisition and Rs 5,944 crore on various development works. Rs 50 crore will be spent on construction of a district hospital at Sector 39.
See also: Corporate developers bet on Noida’s future growth
Other sectors of proposed expenditure are village development (Rs 192 crore), shahid samarak at Nal Garha (Rs 5 crore), metro rail project (Rs 500 crore) and under-pass and flyovers (Rs 404 crore)Multi-level parking facilities will also be set up at Sector 18, film city and Botanical Garden metro station.
Under the 2015-16 revised budget, total receipts are expected to be Rs 6,437 crore. For 2016-17, the Board proposed receipts of Rs 9,024 crore. In 2015-16, the expenditure was Rs 6,481 crore and for 2016-17 an expenditure of Rs 9,058 crore has been proposed.
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