MRTS to come up between Gurugram, Manesar

Image
IANS Chandigarh
Last Updated : Feb 02 2017 | 6:13 PM IST

The Haryana government on Thursday announced that it plans to set up a Mass Rapid Transport System (MRTS) between Gurugram and Manesar.

The Haryana cabinet, which met under the chairmanship of Chief Minister Manohar Lal Khattar here on Thursday, approved the proposal of the Industries and Commerce department that the state government would stand guarantee for a loan of Rs 876 crore to be taken by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) from HUDCO to acquire 365 acres of land for the MRTS project.

"The project is of great strategic importance and Japan International Cooperation Agency (JICA) has committed in-principle to provide Rs 16,000 crore for the project," a Haryana government spokesman said here.

The provision for the project has also been made by the Department of Economic Affairs of the Union Ministry of Finance in its ruling plan.

The Gurugram to Manesar stretch of National Highway No 8 (NH-8) remains choked with traffic most of the time. The highway links Delhi with Jaipur.

--IANS

js/pgh/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 02 2017 | 6:04 PM IST

Next Story