Thursday, July 11, 2013

Government approves construction of NCR transport corporation

NEW DELHI: To do development of three Regional Rapid Transit System passageways uniting Delhi with Panipat, Alwar and Meerut, the Union Cabinet on Thursday affirmed constitution of National Capital Region Transport Corporation Limited (NCRTC). The NCRTC might be structured under the Companies Act, 1956 with introductory seed capital of Rs 100 crore for outlining, advancing, actualizing, financing, working and keeping up Regional Rapid Transit framework (RRTS) in National Capital Region (NCR), an official proclamation discharged said. The passageways are being produced to furnish agreeable and quick travel to NCR towns and meet the high development in transport request, the articulation said. According to the proposal sanction by the bureau, the NCRTC may structure subsidiary associations for actualizing every hallway. The Centre and the state governments might commit similarly to the beginning seed capital of Rs 100. While the urban advancement and track services might give 22.5% of the measure, the National Capital Region Planning Board might give 5%.


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