RRTS Update: Center To Help Delhi Government in Securing Loans for Funding Delhi-Meerut RRTS Project

RRTS Update: Center To Help Delhi Government in Securing Loans for Funding Delhi-Meerut RRTS Project

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Date of Post: 14 Aug, 2018

New Delhi: The Center will unlikely bear the share of Delhi government for funding the proposed Delhi-Meerut RRTS corridor.

Union Minister for Housing and Urban Affairs Minister Hardeep Singh Puri has reportedly indicated the decision of the government in response to a recent request by Chief Minister Arvind Kejriwal to pay the share of his government for building the 82-km long high-speed RRTS corridor.

More Information:

  • The estimated cost of high speed corridor is around Rs 31,902 crore and the Delhi government’s share is supposed to be Rs 1,138 crore.In a recent letter to Puri, the CM had cited inability to support the project due to inadequate funds.
  • In this regard, the Center has suggested that it can help the state government to secure loans at cheaper interest rate for the RRTS corridor.
  • The Delhi-Ghaziabad-Meerut RRTS corridor, has 3 stations in the national capital.
  • It aims to reduce the travel time between Delhi and Meerut to about an hour.

Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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