Date of Post: 06 Nov, 2018
New Delhi: The cost of Phase-4 project of Delhi Metro Rail has been slashed by around Rs 10,000 crore, a month before the Delhi government was willing to approve the project. The total cost of all 6 corridors of Phase-4 is pegged at Rs 45,603 crore as opposed to Rs 55,208 crore earlier, according to a report.
- This revised proposal will be tabled before Delhi’s cabinet soon, HT reported.
- On October 29, Transport minister Kailash Gahlot asked commissioner Varsha Joshi to prepare a cabinet note for all 6 corridors.
- “The fresh details of the Phase-4 project has not yet reached my office. But, if the cost has actually reduced by about Rs 10,000 crore then it is good for all stakeholders. In the end, people’s money is being saved,” the report quoted Gahlot saying.
- The total expenditure on Phase-4 has been revised keeping new tax regime and current prices in mind, said Anuj Dayal executive director, corporate communication, DMRC.
- The reduction in the expenditure will also reduce the Delhi government’s contribution to the project.
- The government will now have to pay Rs 10,636.50 crore, instead of Rs 11,334.50 crore.
The proposed 6 corridors of phase-4 are-
- Janakpuri (west)-RK Ashram (28.92 km)
- Mukundpur-Maujpur (12.54 km)
- Rithala-Narela (21.73 km)
- Tughlakabad-Aerocity (20.20 km)
- Inderlok-Indraprastha (12.58 km)
- Lajpat Nagar-Saket G-block (7.96 km)
Image Credit – JICA
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Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
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