Rs 18,669 crores for development of Greater Noida, Noida and Yamuna Expressway

The Greater Noida, Noida and Yamuna Expressway authorities, have allocated a total of Rs 18,669 crores, for various development-related works in the three cities, for the financial year

Greater Noida, Noida and Yamuna Expressway Authorities boards, have allocated a total of Rs 18,669 crores this fiscal, for the development of the tri-cities.

The Yamuna Expressway Industrial Development Authority (YEIDA), approved Rs 4,156.13 crores at its board meeting held on June 9, 2017, an official said.

Expenses under various heads include, Rs 35 crores for capital expenditure, Rs 1,132 crores for loan repayment, Rs 1,172 crores for land acquisition and Rs 1,190 crores for development works.

See also: Noida-Greater Noida Expressway: Creating new property destinations

The Greater Noida Industrial Development Authority (GNIDA), at its board meeting held last week, had approved Rs 6,443.05 crores for this financial year.

Rs 1,100 crore was earmarked for distribution of 64 per cent hiked compensation, as per a high court order, to farmers whose land was acquired for urbanisation.

Prabhat Kumar, chairman of YEIDA and Greater Noida Authority, said there will not be any discrimination between village and urban sector development.

The Noida Authority, at its board meeting held last week, had allocated Rs 8,070 crores for this fiscal.

 

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