DMRC draws Rs.39,784 cr Phase-III plans

The total operational network of DMRC will cover over 350 km after the completion of Phase-III project at an estimated cost of Rs.39,784.56 crore, said official sources, adding that with the opening of the Pink Line's Majlis Park-Durgabai Deshmukh South Campus corridor of the Delhi Metro Rail Corporation (DMRC) recently, the current operational length stands at over 252 km. In regard to financing of the project, the Delhi government has released Rs.1,333.77 crore (Rs.323.27 crore equity; Rs.39.50 crore against subordinate debt for land acquisition, Rs.300.00 crore has been released as subordinate debt towards sales tax and Rs.671 crore as subordinate debt for central taxes) to the DMRC during 2016-17 towards the Phase-III. The work on Phase-IV is under consideration and is likely to start soon. Also, out of the nearly 160 km network approved by the cabinet for the Delhi-NCR, work on extension of Green Line from Mundka to Tikri Border is expected to be completed by May this year. The Dwarka-Najafgarh corridor spanning nearly 4.3 km is projected to be finished by December. Phase-III and additional corridors of 160.586 km route length with 109 stations (including 42.192 km of route length with 30 stations of NCR) are planned to be completed by December 2018 except Extension to Dhansa Bus Stand, targeted to be completed by 2020.