The Union Cabinet, chaired by Prime Minister Narendra Modi, has given nod for revision in the funding pattern of three approved priority corridors of Delhi Metro Phase-IV projects.
The three corridors are — Aerocity to Tughlakabad, R K Ashram to Janakpuri (West) and Mukundpur-Maujpur with sharing of land cost in the ratio of 50:50 between the government of India and the government of Delhi.
The total cost of the project which is Rs 24,948.65 crore remains unchanged. The contribution from the government of India has increased from the existing Rs 4,154.20 crore to Rs 4,643.638 crore, resulting in a net rise of Rs 489.438 crore.
The amount of external loan from bilateral/multilateral agencies which Delhi Metro Rail Corporation (DMRC) has to repay increases from the existing Rs 11,462.60 crore to Rs 12,930.914 crore with a net increase of Rs 1,468.314 crore.
Three priority corridors of Delhi Metro Phase-IV project were approved by the government of India in March 2019. The funding pattern was kept in line with provisions of Metro Rail Policy 2017.