PM Modi to inaugurate, lay foundation stones of projects worth Rs 33 cr in Delhi

Prime Minister Narendra Modi will launch and lay the foundation stones of multiple development projects including inaugurating two new corridors of the Delhi Metro in the national capital on SundayThe total cost of the projects is around Rs 33500 croreThe prime minister will also address a gathering on the occasionPrior to the programme Modi will visit the General Pool Residential Accommodation GPRA Type5 quarters in Sarojini Nagar and hand over the keys to female allottees according to an official statementThe two new Delhi Metro corridors which will be inaugurated by the prime minister are the Majlis ParkMaujpur Babarpur Pink Line corridor of around 123 km and the Deepali ChowkMajlis Park Magenta Line corridor of around 99 kmThese corridors will benefit several areas of Delhi including Burari JagatpurWazirabad Khajuri Khas Bhajanpura Yamuna Vihar Madhuban Chowk Haiderpur Badli Mor Bhalaswa and Majlis ParkModi will also lay the foundation stone for three new corridors under Phase VA of the Delhi Metro covering a route length of around 161 kmThe three new corridors are R K Ashram Marg to Indraprastha Aerocity to Indira Gandhi Airport Terminal1 and Tughlakabad to Kalindi KunjThese corridors will provide direct connectivity to several important locations in the capital and improve connectivity for those travelling between Noida south Delhi and the airportThe prime minister will also inaugurate and lay the foundation stone of projects worth Rs 15200 crore under the GPRA redevelopment planSpread across key locations such as Sarojini Nagar Netaji Nagar Kasturba Nagar and Sriniwaspuri these projects are part of the governments ambitious programme to modernise GPRA colonies and create worldclass infrastructure for government employees and administrative offices the statement saidThe projects have been redeveloped through an innovative selfsustainable financial model that ensures that the redevelopment is carried out without burdening the public exchequerUnder this model the government is developing and monetising a limited portion of the project area for commercial and residential space to finance the entire projectThe revenue generated from it is being used to fund the redevelopment of modern government housing support infrastructure and public facilitiesThe redevelopment plan will provide more than 9350 modern flats for government employees along with the creation of approximately 48 lakh square feet of office space which will significantly enhance administrative efficiency while also generating monetisation potential the statement saidThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever