Home » Delhi Metro gets Rs.1,007 cr for phase-III

Delhi Metro gets Rs.1,007 cr for phase-III

Infrastructure Finance
March 1, 2015March 1, 2015
Delhi Metro gets Rs.1,007 cr for phase-III
Shares

The NDA Government has allotted Rs 1006.64 as equity for the Phase III project of Delhi metro in the Union Budget recently, reflecting a hike of 22 percent with over Rs 4,200 crore being allotted to it. A total of Rs 4,259 crore has been allocated to the Delhi Metro Rail Corporation (DMRC) – an increase of Rs 788 crore from the last year´s Budget allocation of Rs 3,470 crore.DMRC is co-owned by the Union and the state government, which each hold 14 per cent equity in the project.

Leave a Reply