Sunday, April 5, 2009

Delhi Metro Phase II: New Sanctions from Japan worth Rs 7,956 Crores

Delhi Metro Phase II: New Sanctions from Japan worth Rs 7,956 CroresThe Delhi Metro Rail Corporation (DMRC) has been sanctioned a loan of Rs 4,061.81 crore from the Japan International Cooperation Agency (JICA) for the developing Phase II of the Delhi Metro.

The loan was sanctioned on March 31 in an agreement signed between the Government of India and the JICA to provide Japanese Official Development Assistance loans for a total of four projects in India.

“The cost of constructing Phase II is around Rs. 20,000 crore, out of which Rs 3,894.25 crore has already been sanctioned to DMRC in three tranches. This is the fourth tranche by Japan towards assisting the DMRC for the timely completion of Phase II,” stated an official statement from the JICA.

Phase II of the Delhi Metro will connect major areas of Delhi, including the NCR. Phase II is crucial from the point of view of the 2010 Commonwealth Games. The Metro link will be connecting 10 out of a total of 11 Commonwealth Games sites. Japan is providing loans for the construction of all corridors except the under-construction Airport Express Link, which is a PPP venture.

124 km Delhi Metro’s Phase II 2010 Project deadline

Corridors in Phase II

  • Inderlok-Mundka
  • Yamuna Bank-Anand Vihar ISBT
  • Indraprastha-Noida
  • Central Secretariat-Gurgaon
  • Central Secretariat - Badarpur
  • Airport Express Link
  • Already functional

Two Phase II corridors

  • Shahdara - Dilshad Garden
  • Vishwavidyalaya - Jahangirpuri