Travel Between Delhi And Meerut In Just 55 Minutes, High Speed Rail Link Likely To Get Investment Clearance 
Travel Between Delhi And Meerut In Just 55 Minutes, High Speed Rail Link Likely To Get Investment Clearance A high-speed Talgo Train stands on a platform next to a Rajdhani Express in New Delhi, India. (Raj K Raj/Hindustan Times via Getty Images)

The Rapid Rail project between Delhi and Meerut is all set to go on stream as the Public Investment Board (PIB) is set to grant permission for development of the first corridor of the rapid rail. Once the project is ready, travel time between the two cities of Delhi and Meerut would only take 55 minutes.

This development comes on the heels of the Uttar Pradesh government agreeing to pay its share of equity for building the rapid rail link which is estimated to cost Rs. 31,600 crores. The Delhi government has also given its in-principle approval for the project which is going to be implemented by the NCR Transport Corporation.

The Special Purpose Vehicle (SPV) has been set up by the Central Government with the National Capital Region (NCR) states including Uttar Pradesh and Delhi all having a stake in the same.

Reports indicate that the funding for the project would be divided between multilateral funding agencies (60 per cent of cost), the Central Government (20 per cent) and the respective State Governments (20 per cent).

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber