Noida: In its 174th board meeting, Noida Development Authority (NDA) allotted 15.35 hectare land to the Ministry of Railways ambitious project- Eastern Dedicated Freight Corridor on a ‘no-profit-no-loss’ basis.

The joint project of the Railways Department and World Bank aims to develop a railway corridor from Ludhiana to Kolkata. For the ambitious project, the NDA has allotted 15.35 hectare land in Jhatta village at Rs 2,380 per square metre. The entire stretch of allotted land is worth Rs 36.53 crore.

Under this corridor project, two stations are proposed near Jhatta and Badoli Bangar village in Noida.

It is worth mentioning that the Railway Ministry has directly bought lands from farmers - 3.43 hectare in Jhatta, 0.85 hectare in Badoli Bangar and 6.70 hectare in Gujjar village.

Greater Noida Development Authority has also allotted lands worth Rs. 37.65 crore to the Dedicated Freight Corridor. The Ministry has also obtained land from the UP Forest Department in Noida’s Gulistanpur village.

Planned in 2006, the Eastern Dedicated Freight Corridor will be connected to the Delhi Mumbai Industrial Corridor starting from Bodaki.

(JPN/Bureau)