Rs 3,470 cr earmarked for Delhi Metro Ph-3
In the Union Budget, the Centre on Thursday has earmarked Rs 3,470 crore for the Phase-III of the Delhi Metro. The funds this year, towards the Delhi Metro, saw an increase of Rs 894 crore from last year’s allocation. As part of the total allocation, the Government has given a grant of Rs 145.81 crore for NCR expansion in Faridabad and Bahadurgarh.
During the announcement, Finance Minister Arun Jaitley made a separate allocation of a total of Rs 3,470.16 crore for the ongoing progress of works related to Phase-III of the Delhi Metro Rail Transit System project.
The allocation is also aimed to fund the expansion of Metro lines in the National Capital Region (NCR), informed a Delhi Metro Rail Corporation (DMRC) official. The actual funds received for the previous fiscal year 2013-14 for Delhi MRTS Project, including NCR, was Rs 2,576.61 crore.
“The funds provided in the Budget are adequate for the ongoing works of the DMRC project at present and as the project progresses during the year it would be possible for the DMRC to approach the Government for more funds in the form of revised estimates and supplementary as required from time-to-time,” said Anuj Dayal, DMRC Executive Director (Corporate Communication).