"We hope the monorail's construction process will start by March. The tender process will begin immediately," Singh said.
Dikshit said the monorail will not only supplement Metro services but also help residents of congested localities to make use of a modern and convenient public transport system.
Delhi transport minister Ramakant Goswami said, "Construction work of the project will start by September-October. The funding pattern will be approved on the lines of Delhi Metro projects with the help of soft loans from Japan International Cooperation Agency (JICA)."
According to sources, a debt equity ratio of 60:40 will be proposed. The Central and state governments will contribute 30 per cent each and the rest will be raised from JICA.