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HindustanTimes Mon,21 Apr 2014

DMRC says Phase 3 budget not gone off-track

HT Correspondent, Hindustan Times  New Delhi, November 28, 2013
First Published: 23:31 IST(28/11/2013) | Last Updated: 23:36 IST(28/11/2013)

The Delhi Metro Rail Corporation (DMRC) on Thursday rejected a report which said that its budget had gone off-track with regard to its addition or extension of a few corridors along routes such as Dwarka-Najafgarh, Mundka-Bahadur, Mukundpur-Yamuna Vihar and Janakpuri West-Palam.

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A DMRC spokesperson, in response to HT’s Thursday story ,“In a first, Metro budget goes off-track for Phase 3”, said: “It is the component of the JICA loan that has increased, mainly on account of inclusion of system works on additional corridors and change of alignment from elevated to underground in some portions.” 

He added that this eliminated the requirement of domestic borrowings as stipulated earlier.
 
The report said that costs had gone up by about 10% from its original project cost of Rs. 35,000 crore.

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