No allocation for DMRC's fourth phase project
1 Feb 2018 6:14 PM GMT
NEW DELHI: The Metro commuters are disappointed due to no allocation of budget for Delhi Fourth phase Metro project. The Centre has kept an outlay of Rs 14,264.60 for metro projects across the country in the Union Budget for 2018-19, a reduction of nearly 20 per cent from the allocation in the last fiscal year. However, the budget document did not provide a break-up for the individual projects like those being executed by the Delhi Metro Rail Corporation (DMRC).
The budget also proposed a grant of Rs 50 crore to the Delhi Metro for its expansion into NCR areas. While on January 6, 2017, the Delhi cabinet gave a principle approval of the fourth phase of Delhi Metro, which will add 8.5 lakh new passengers to its network. The fourth phase will have six new routes with a total length of around 103 km, and will be completed in six years at a cost of around Rs 50,000 crore, sources from Chief minister's office said. .
Presenting the budget on Thursday, Finance Minister Arun Jaitley said infrastructure is the "growth driver" of the economy and urbanisation is the government's "opportunity and priority".
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