New Delhi (NVI): The Union Cabinet, chaired by the Prime Minister Narendra Modi, approved for the revision in the funding pattern of three approved priority corridors of Delhi Metro Phase-IV projects.
Three priority corridors of Delhi Metro phase-IV — (i) Aerocity to Tughlakabad (ii) RK Ashram to Janakpuri (West) and (iii) Mukundpur to Maujpur — project were approved by the Government of India in March this year at a completion cost of Rs. 24,948.65 crore.
The Cabinet, is in pursuance of the amendments to Metro Rail Policy, 2017 applicable only for Delhi, in compliance to the Supreme Court order, has approved the sharing of land cost in the ratio of 50:50 between Government of India (GoI) and Government of National Capital Territory of Delhi (GNCTD).
The total cost of the project which is Rs. 24,948.65 crore remains unchanged.
The contribution from GoI increases from the existing Rs 4,154.20 crore to Rs 4,643.638 crore resulting in a net increase of Rs. 489.438 crore.
The amount of external loan from bilateral/multilateral agencies which DMRC has to repay increases from the existing Rs 11,462.60 crore to Rs12,930.914 crore with a net increase of Rs. 1,468.314 crore.
