Union Budget 2018: Rail link between Delhi, Panipat, Alwar and Meerut gets Rs 659 crore
Three NCRTC is constructing three corridors — Delhi-Meerut, Delhi-Alwar and Delhi-Panipat — connecting the three cities with high speed railway.Updated: Feb 02, 2018 00:11 IST
A high-speed rail link, connecting the national capital region (NCR) cities of Delhi, Alwar, Meerut and Panipat, got a booster shot of Rs 659 crore in the Union Budget 2018-19.
“The phase 1 of the Regional Rapid Transit System (RRTS) has been allocated Rs659 crore in todays' budget,” said a spokesperson for the National Capital Region Transport Corporation (NCRTC) — the agency which is implementing the project.
Three NCRTC is constructing three corridors — Delhi-Meerut, Delhi-Alwar and Delhi-Panipat — connecting the three cities with high speed railway. The first phase of RRTS consists of three prioritized corridors. Out of the three, Delhi – Ghaziabad – Meerut corridor will be the first one to be executed and pre-construction work has already been initiated.
“The travelling time between Meerut and Delhi will become less than an hour. It will be fast, high capacity, comfortable, and commuter-friendly service connecting regional nodes of NCR to Delhi,” the spokesperson said.
The cost of Delhi-Meerut corridor is pegged at Rs 32,000 crore and 70% of the amount has to be financed through loan. The state governments (Delhi and UP) will share 15% costs each but since majority of the portion is in UP, they will pay the major share.
For the expansion of Metro projects across the country, Rs14,314 crore has been allocated. Delhi Metro has, however, got only Rs50 crore for projects in the NCR. The Delhi Metro Rail Corporation (DMRC) got Rs150 crore in the last financial year.
The overall fund allocation has reduced compared to Rs17,810 crore that were allocated for the expansion of Metro train project in the country in the last fiscal.