The Delhi Cabinet has approved the proposal to provide Rs. 1,546 crores to the Delhi Metro Rail Corporation (DMRC) over the next three financial years for its Phase-III.
An official release said that the DMRC had requested that the estimated VAT payable by it for Phase-III project may be paid to it as Interest Free Subordinate Debt long term loan.
It said the AAP-led Government would pay the amount for the three years beginning this financial year.
