A new metro rail network will shortly be developed between Noida and Greater Noida. Measuring 29.707 km, it will be developed at an estimated cost of Rs 5,064 crore. The detailed project report (DPR) has already been prepared by Delhi Metro Rail Corporation.A Special Purpose Vehicle (SPV) has been formed for the Noida Metro Rail Project. It has been named NoidaMetro Rail Corporation and is chaired by the Chief Secretary of Uttar Pradesh.
According to the DPR, 22 stations are proposed, of which 13 will be constructed on ground while seven stations will be elevated. Two stations at Knowledge Park-I and sector Delta-1 in Greater Noida are planned for future expansion.Starting from Noida City Centre in Sector 32, the proposed Metro corridor will lead towards Greater Noida via stations in sectors 50, 51, 78, 101, 81, on the Dadri road, 83, 85, 137, 142, 143, 144, 147, 153 & sector 149 in Noida.
It will enter Greater Noida through Knowledge Park-II and traverse Pari Chowk, Sector-Alpha 1 and 2, before terminating at Depot station proposed near recreational green, Knowledge Park-IV in Greater Noida. The entire Metro alignment is proposed to be elevated.A special purpose vehicle (SPV) would be formed for the development, operation and maintenance of the metro rail. The Uttar Pradesh cabinet has approved the Project and forwarded the DPR to Government of India in October 2013.The Government of India and UP will each bear 20% of the costs and loans from external agencies would be taken to fund the rest 60% of the project. Twenty per cent funding from UP will be shared by Noida and Greater Noida Authorities, based on the length of track that passes through the two areas.
The metro link is expected to be commissioned by 2017.