The Union Cabinet, led by Prime Minister Narendra Modi, has approved the extension of the Noida Metro Rail Project from Sector 142 to Botanical Garden, spanning 11.56 km with 8 elevated stations.
The new fund signals a major change in how the government finances city development. Instead of relying solely on government grants, cities will now be encouraged to raise money from the market and private investors. The government stated that this represents a "paradigm shift in India's urb
"Infrastructure must be delivered--if the private sector can do it better, let them", said D Thara, Additional Secretary, Ministry of Housing and Urban Affairs, said. She was delivering the keynote address at a CII conference on Exploring Urban Dynamics: Outlook 2030" held in the capital on
Minister of Housing and Urban Affairs and Power, Manohar Lal Khattar and the Asian Development Bank President, Mr. Masato Kanda met today at Shram Shakti Bhawan to discuss ADB's unflagging support and investment in the Indian Urbanisation, said a release from the Ministry of Power.
The fund aims to support initiatives under the 'Cities as Growth Hubs' program, focusing on creative redevelopment of cities, water, and sanitation improvements.