Metro phase III hits fund hurdle
The Delhi Metro Rail Corporation has sent a detailed project report for 85-kilometre network to be built in the next phase to the Centre as well as the state government.delhi Updated: May 03, 2010 23:57 IST
The fate of Delhi Metro’s third phase expansion is uncertain.
The Delhi Metro Rail Corporation (DMRC) has sent a detailed project report for 85-kilometre network to be built in the next phase to the Centre as well as the state government.
The ministry of urban development in the meantime has said funds from the government would decide how many corridors will actually be taken up for construction.
“The ministry has to fund four more metro projects apart from Delhi. Since Phase III requires huge funding and Delhi government has already expressed its helplessness to give its equity share, we are exploring other options,” said MoUD secretary M. Ramachandran, on the sidelines of DMRC’s 16th foundation day function on Monday.
Despite resource crunch, Ramachandran said, timely completion of Metro’s second phase is a priority for government of India and that adequate funds were being received from the government to complete the 125-kilometre phase II.
“How many new corridors will be constructed in how much time frame (in phase 3) is yet to be decided,” he said.
Delhi government has already written to the Centre of its inability to bear the phase III cost. The state and the Centre are equity partners in DMRC.
The state government has asked the Delhi Development Authority to “shoulder the responsibility” of Metro’s expansion since DDA’s new colonies would benefit from the proposed expansion.
The DDA hasn’t replied to the Delhi government’s two letters, requesting for funds for the project, yet.