National Capital Region Planning Board (NCRPB) has already sanctioned a loan of Rs 1,587 crore to Noida Metro Rail Corporation (NMRC) for the 29.70 km Noida-Greater Noida Metro Project that is estimated to cost Rs 5,533 crore.
The 20 year loan, including a moratorium of five years for repayment, carries an interest rate of 7 per cent per year and an incentive of 0.25 per cent for timely repayment of installments.
NCR Regional Plan-2021 has emphasised the need for strengthening connectivity between NCR towns, he added.
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