You are here: Home » Budget » News » Infrastructure
Business Standard

Budget 2015: Delhi Metro gets 22% hike

A total of Rs 4,259 crore has been allocated to Delhi Metro Rail Corporation

Press Trust of India  |  New Delhi 

Arun Jaitley, Budget
Finance Minister Arun Jaitley with MoS Jayan Sinha leaves for Parliament to present the annual budget 2015-16 from his office at North Block in New Delhi.

The allocation of funds for Delhi Metro in the Union has seen a 22% jump with it being alloted over Rs 4,200 crore as its network extends deeper into the National Capital Region.

A total of Rs 4,259 crore has been allocated to Delhi Metro Rail Corporation, a joint venture of the Central and the state governments. It is an increase of 788 crore from the last year's Rs 3,470 crore..

Read our full coverage on Union Budget

DMRC officials termed the amount provided in the as "adequate" for its ongoing projects including the Phase - III construction.

"As the project progresses during the year it would be possible for DMRC to approach the Government for more funds in the form of Revised Estimates and supplementaries as required from time to time," an official said.

Of the total amount, Metro got Rs 1007 crore for phase-III construction work as part of the Centre's equity with another Rs 125 crore for its expansion plans in the NCR region.

Under the subordinate debt category for Phase III that includes exemption given to it under Central taxes and land acquisition, it has been allocated Rs 530 crore.

On completion, the phase-III of the Delhi Metro will add 140 km to the existing operational network stretching over 190 km with newer operational corridors at various outer Delhi areas and also in places like Faridabad.

Around Rs 42,000 crore has been sanctioned for phase-III construction, a substantial part of which is being funded by the Japanese government.

This amount has been pegged at Rs 2,597 crore this time under the "pass through assistance" head in the

Both the Union and the state government hold 14% equity in the project each.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 28 2015. 18:32 IST