The Union Cabinet has approved the construction of a regional rapid transport system (RRTS) in the National Capital Region connecting Delhi – Ghaziabad – Meerut. Estimated to cost Rs 30,274 crore, the distance of 82.15 km will be a mix of elevated section (68.03 km) and 14.12 km underground.
Financial assistance of Rs 5,634 crore in the form of grant and sub-ordinate debt will be provided by the centre. The RRTS is proposed to be completed in 6 years
The project is proposed to be undertaken by a Special Purpose Vehicle (SPV) -the National Capital Region Transport Corporation (NCRTC) as a joint ownership of the Centre and State Governments with equal contribution, loan from multilateral/bilateral agency through the Department of Economic Affairs (DEA)/Ministry of Finance (MoF).
Implementation of the RRTS is envisaged to provide additional public transport infrastructure to National Capital Region besides addressing issues of congestion, air-pollution and access to all.
