DMRC gets ₹8,390-cr from JICA for Phase-IV expansion work
The Delhi Metro Rail Corporation has got a significant funding boost from the Japan International Cooperation Agency (JICA), sanctioning a loan worth ₹8,390 crore for Metro's Phase 4 expansion plan. Executive Director of Corporate Communication, Anuj Dayal, informed that the amount sanctioned is Japanese Yen 119,978 million amounting to ₹8,390 crore. DMRC initially started work under Phase 4 in December 2019, but it failed to start work on some of its underground sections because of cash crunch. The JICA loan is meant specifically for the construction of the Phase 4 corridors and can't be used by DMRC to meet its operational losses. While there are six corridors, spread over 104 km under Phase 4, the central government has approved three corridors so far thereby adding 65-km to the existing 389-km network. The approved corridors are Aerocity-Tughlakabad (20.2km), Maujpur-Majlis Park (12.5 km) and Janakpuri West- RK Ashram corridor (28.9 km). DMRC started work on the Janakpuri West-RK Ashram corridor in December 2019 but due to the pandemic crisis, the construction work was stalled in the initial months, however, it picked up pace later on.
📅Published on:
05 April 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
