New Delhi, March 16: Delhi Metro Rail Corporation (DMRC) projects have been allocated Rs.2,216.69 crore in the budget for 2012-13. The money will be spent on construction and extension of the Metro network in the national capital, an official said Friday.
Among the funds allocated for the urban developemnt ministry in the budget for 2012-13, Finance Minister Pranab Mukherjee said that a major portion of funds would be invested in Metro rail projects in Delhi, Bangalore, Chennai, Kolkata, Mumbai, Kochi and Jaipur.
“Delhi Metro Rail Corporation (DMRC), which has a huge expansion plan of its existing network of Phase III, tops the list by bagging Rs.2216.69 crore, for construction of its Phase-III project, which would add about 117 km to the metro network,” a DMRC official told IANS.
Delhi Metro has been given Rs.100 crore as a grant for constructing the a corridor that will connect the Badarpur line in south Delhi to YMCA Chowk in Faridabad.
“We are happy and satisfied with the budget allotted by the Finance Minister,as it was on the expected lines,” the Metro official added.
Delhi Metro, which has a huge expansion plan of its existing network, bagged Rs.1,112.57 crore as equity. Bangalore will get Rs.900 crore, Chennai Rs.990 crore, Kolkata gets Rs.100 crore, Kochi and Mumbai get Rs.19 crore and Jaipur Rs.14 crore as equity.