Chandigarh, June 5 (UNI) The Haryana government has decided to release Rs 71 crore for extension of Delhi Metro to Gurgaon out of the development fund meant for major infrastructure projects in the state.
A decision to this effect was taken in a meeting of High Powered Committee constituted to monitor the Fund for Development of Major Infrastructure Projects in Haryana, which met here under the chairmanship of Chief Minister Bhupinder Singh Hooda.
It was revealed in the meeting that liability of Delhi-Gurgaon Metro during the current year was Rs 141.75 crore of which a sum of Rs 71 crore would be given as the annual installment to be paid to Delhi Metro Rail Corporation Ltd, an official spokesman said.
It was expected that Delhi-Gurgaon Metro project would be completed by January, 2010, he added.
It was also apprised in the meeting that during 2008-09 and 2009-10, part of the expenditure would be met out of the accrual in the fund and the balance would be shared by the state government, HUDA and HSIIDC in the same ratio in which the contribution was made for the year 2006-07.
The remaining amount of Rs 70.75 crore would be shared between the State Government, HUDA and HSIIDC, the spokesman said.
Principal Secretary to Chief Minister, M L Tayal said the fund created under the development of major project be incurred on the big projects so that maximum benefit could be derived by the people of the state.
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