All three industrial development authorities of Gautam budh Nagar district have planned to allocate around Rs 20,000 crore for fiscal 2014-15. The authorities have also decided to spend 50 per cent amount of the total allocation on infrastructural development.
Emphasis will be more on metro expansion, construction of roads, underpasses, flyovers, construction of power sub-stations, green front as the authorities have declared 2014 as ‘Year of Infrastructure’. The budget is likely to be presented on Wednesday.
Sources said that the Noida Authority is planning a budget of Rs 9,500 crore. Greater Noida Authority is likely to spend over Rs 7,000 crore, while Yamuna Industrial Development Authority (YEIDA) will get more than Rs 3,000 crore. The Noida Authority alone is expected to spend Rs 1, 700 crore on formation of Noida Metro Rail Corporation (NMRC) which will expedite metro expansion in the district. “As metro rail between Noida and Greater Noida will prove to be a milestone in the growth of the region, we have prioritised the project. We are also looking for expansion of the existing metro line from City Centre to Sector 62 and Kalindi Kunj to Botanical Garden,” said an official.
The official of Noida Authority also said that Rs 1,000 crore will be allocated for two power sub-stations, Rs 600 crore for water and sewerage network, including Rs 100-crore for Ganga water, Rs 250-crore on policing infrastructure, Rs 200-crore for parking and under passes separately. The authority has also decided to spend Rs 1,700-crore for land acquisition and Rs 500-crore for addressing residents’ problems. “As we had announced multitude of infrastructural projects earlier we have decided to spend half amount of the budget on these projects also,” said the official.
As far as Greater Noida is concerned, focus will be on improving metro connectivity and public transport. Night safari, river front, convention centre on the lines of India Habitat Centre, parking lots and medical university will also be in priority. Development of area along with Yamuna Expressway will be focus of YEIDA.