Delhi Metro gets Rs771 crore more
After Delhi, the Metro is all set to roll into Bangalore, Kolkata and Chennai in 2011-12.Updated: Mar 01, 2011 00:01 IST
After Delhi, the Metro is all set to roll into Bangalore, Kolkata and Chennai in 2011-12.
On Monday, finance minister Pranab Mukherjee announced an allocation of Rs1,558 crore, in the form of equity investment, for the four proposed Metro projects in the 2011-12 Union budget. Over and above this, these projects would get another Rs2,892 crore from external funding agencies like Japan International Cooperation Agency (JICA).
While the equity allocated for expansion to the Delhi Metro is Rs452 crore, Bengaluru Metro has got Rs500 crore, Chennai Metro has been given Rs600 crore and Kolkata Metro has been allocated R1 crore.
The externally-aided projects, that have been allocated to Delhi, Bengaluru, Chennai and Kolkata metro projects are worth Rs650 crore, Rs790 crore, Rs1,450 crore and Rs1 crore respectively.
Delhi Metro would get an additional grant of Rs101.28 crore.
“Delhi Metro Phase III and Mumbai Metro Line III are proposed to kick off in 2011-12. Besides, ongoing Metro projects in Bengaluru and Kolkata will be provided financial assistance,” Pranab Mukherjee said in his budget speech.
Officials said the Delhi Metro has got additional R771 crore for the completion of its 125-kilometre project in phase 2. The Delhi Metro Rail Corporation is yet to complete two small sections — the 3.5-kilometre Ashok Park-Kirti Nagar line and the 2.57-kilometre Anand Vihar-Vaishali section.
These are likely to be complete by June this year. “We have got an additional R100 crore to extend the Central Secretariat-Badarpur line up to Faridabad,” a Delhi Metro Rail Corporation (DMRC) spokesperson said. The Haryana government will also give its share for this 13-odd kilometre section.
While the detailed project report of Delhi Metro phase-III is ready, the project’s funding has become a major bone of contention.
The Planning Commission wants a 50:50 share between the government and private parties, while the DMRC wants the government’s share at 40%.
Delhi metro’s Phase III would add another 104 kilometres to the network, taking the total length to 294 km, which is likely to cost about Rs28,000 crore and take four years to complete.