Delhi Metro chief E. Sreedharan is all set to get yet another extension of his term as the company's managing director.
Retirement of this 78-year-old railway engineer, who is known for making Delhi Metro a successful transport system, is due on December 31 this year.
Appointed as managing director in 1997, initially for three years, Sreedharan has already been given four extensions.
Highly placed sources said the Delhi Government has already moved the proposal to extend his term by three months.
"We have not been able to initiate the process to find his (Sreedharan's) replacement. We are recommending another three months extension for him, which is up to March 31, 2011," said a senior Delhi Government official, requesting anonymity.
Once signed by Delhi chief minister Sheila Dikshit, the file would be sent to the central government's ministry of urban development for approval.
Sources in the Delhi Metro, however, said they were not sure if Sreedharan would accept the extension.
“He has made it clear several times that this was going to be his last term as DMRC's MD. With phase II almost complete, he has already started making his post retirement plans. He is getting his house in Kerala repaired and painted where he plans to spend his life after he retires from the Delhi Metro," said a senior DMRC official and his confidant.
Sreedharan was given extension in DMRC in November 2008 when he was asked to stay back till the construction of phase II of Delhi Metro is completed.
While phase II almost complete, Delhi government sources said Sreedharan’s extension will help in planning phase III, which is already on the drawing board.