DMRC floats Rs.55,208 cr Phase-IV plans
Delhi Metro Rail Corporation (DMRC), which has already finalized plans to launch the construction work for the 104-km long Phase-IV entailing an investment worth Rs.55,208 crore, is currently awaiting final approval of the Delhi government. In this connection, an architectural firm will soon be hired to finalize designs of stations and viaducts of two corridors — Inderlok to Indraprastha (12.58km) and the Majlis Park-RK Ashram (10.88km) stretch of the Janakpuri West-RK Ashram metro line. DMRC has already started geo-technical surveys at different sites where Phase IV stations are planned as this would help DMRC make up for some of the time lost due to the delay in getting the approvals. This phase will have six corridors linking the city's fringe areas with its central parts. Though the Delhi government had approved the project in January 2017, it had sought an exemption from paying its share of 'subordinate debt' for central taxes. The subordinate debt, the centre contended, is a component of the total share to be paid by the government as both the central and Delhi governments pay an equal share as equity in the metro project. Currently, contractors engaged for construction of Phase III are on the way of completing their work and the delay in starting the work on Phase IV, would mean mobilizing workforce and machinery afresh, which could further delay the project, apart from cost escalations, said an industry insider.