Greater Noida: Great Noida Authority on Tuesday Receiving Rs 500 Crore for Multi-Capital Transportation, Logistics and Hub Warehousing (MMTLH) from the Workers Government, taking the total amount approved by the last to around RS 850 Crore so far.
While part of the total RS 17,000 crore project is worth around RS 4,000 Crore to be funded together by the United States and Gnida in a comparison of 50:50, the detailed project report (DPR) has been made by PriceWaterhouseCoopers (PWC) and Indian Port Rail and Ropeway Corporation Ltd (IPRCL ).
Gnida will now start a tender in about three-four months, which is expected in November, officials said.
The project is being developed on public-private-partnerships where the National Industrial Corridor Development Corporation (NICDC) will build MMTLH as part of an integrated industrial city in 800 hectares in Greater Noida.
Narendra Bhoohan, CEO of Gnida, said, “We have received Rs 500 Crore from the central government for MMTLH.
This number is part of a 50:50 stock contribution in accordance with the agreement between the Government and Gnida Government.
Previously, the Government of the Government had provided Rs 350 Crore, took They contribute to around RS 850 Crore in the last three-four months.
“While all project costs are estimated at around Rs 17,000 Crore, the United States and the contribution of the state government is around Rs 3,800 Crore, and RS 3,000 Crore will be provided by multi-model logistics hubs , For the remaining number, other partners will contribute.
“We are currently estimating the assessment of multimodal transportation hubs, which may rise to 10,000 crore rs because many elements are included in this matter.
So, the project finally, when ready in about three to five years, will be around RS 17,000 Crore,” said BhooShan ,