Formation of National Capital Region Transport Corporation Limited (NCRTC)

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The Union Cabinet today approved constitution of National Capital Region Transport Corporation Limited (NCRTC) under the Companies Act, 1956 with initial seed capital of Rs.100 crore as per Company Act, 1956 for designing, developing, implementing, financing, operating and maintaining Regional Rapid Transit system (RRTS) in National Capital Region (NCR) to provide comfortable and fast transit to NCR towns and meet the high growth in transport demand.  This company may form subsidiary companies for implementing each corridor.

The seed capital of Rs. 100 crore shall be contributed as follows:-

Central Government
Ministry of Urban Development :  22.5%
Ministry of Railways   : 22.5%
National Capital Region Planning Board : 5.0%

State Government
Government of NCT Delhi : 12.5%
Government of Haryana : 12.5%
Government of Rajasthan : 12.5%
Government of UP : 12.5%