The government today earmarked a substantial amount to the Urban Development Ministry for spending on extension of Metro networks in Delhi, Bangalore and Chennai in the Budget 2011-12.
While the equity to Delhi Metro is Rs 452 crore, equity to Bangalore Metro is Rs 500 crore and Chennai Metro's equity is Rs 600 crore in the 2011-12 fiscal, Finance Minister Pranab Mukherjee said.
Urban Development Ministry has got total Rs 6855.23 crore, an increase of Rs 308 crore from the last fiscal 2010-11.
The ministry has been allocated Rs 6068.76 crore as Plan allocation and Rs 786.47 crore as non-Plan allocation in the current fiscal.
The allocation for the urban infrastructure development project has witnessed a hike from Rs 47 crore in the last year to Rs 90 crore this year.
Budget allocation for the National Capital Region is being kept at Rs 53.01 crore in the fiscal 2011-12 almost the same amount it got last fiscal.
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