Noida toll bridge's new link to E.Delhi to be ready by Apr'07
New Delhi, July 23 (UNI) The Noida Toll Bridge Company Ltd (NTBCL) has said that the 1.6 km four lane Mayur Vihar Link Road Project in East Delhi, involving an investment of Rs 45 crore, will be fully functional by April 2007.
''We are hoping to finish Phase I of the four-lane road project, which includes a two-way road, by January-February this year, while the entire project would be complete by April, 2007,'' NTBCL President and CEO Pradeep Puri told UNI.
He added that ''we are expecting an average daily traffic of 10,000 vehicles on the new link initially, which we hope to double in four years. By April 2007, when the project is commissioned, the total number of vehicles on the Noida toll bridge as well as Mayur Vihar link road, could go up to 78,000 to 80,000 vehicles a day.'' The average daily traffic on the Noida toll bridge in the first quarter of FY 2006-07 is 63,100 vehicles showing a healthy increase of 11 per cent over the corresponding period last year.
The 1.6 km stretch of land, which is owned by NTBCL and has been taken on lease from the Uttar Pradesh Government, will be maintained by the MCD and users will have to pay the company for using it.
Commuters from Mayur Vihar and adjoining areas in East Delhi travel to South Delhi using either the Nizamuddin Bridge or the Kalindi Kunj Bridge, as a result of which traffic on both the bridges in peak hours has reached saturation.
The Mayur Vihar Link Road Project will improve the accessibility of the Delhi Noida Bridge Project (DND Flyway) and therefore is likely to increase the traffic and revenue further, upon its completion.
NTBCL, promoted by II&FS, had also constructed the 7 km eight-lane Noida Toll bridge at a total cost of Rs 408 crore, which became commercially operational on February 1, 2001.
Meanwhile, NTBCL has posted a net profit of Rs 1.6 crore for the quarter ended June 30, 2006, as against a net loss of Rs 3.6 crore for the corresponding quarter last year.
The profit can be attributed to the steady increase in revenue as well as reduction in O&M expenses and finance charges.
UNI RA PC KN1244