Delhi Metro Outstanding JICA Loan At Rs 358.28 Billion
ECONOMY & POLICY

Delhi Metro Outstanding JICA Loan At Rs 358.28 Billion

The outstanding principal loan payable by the Delhi Metro Rail Corporation to the Japan International Cooperation Agency (JICA) stood at Rs 358.28 billion (bn) in June, the Rajya Sabha was informed. The DMRC has repaid nearly Rs 99.48 bn from its operational revenue since project inception, the reply said. The information was provided in a written reply by the Union Minister of State for Housing and Urban Affairs Tokhan Sahu. The figures were presented at prevailing exchange rates and reflect obligations across various phases of the metro programme.

In the last five years, cumulative amounts comprising equity, grants and subordinate debt released by the Centre and the Delhi government were Rs 66.04 bn and Rs 61.55 bn respectively, the minister noted. He said the sanction orders for DMRC projects contain provisions setting out the loan repayment structure. Such structured repayment arrangements are designed to align debt servicing with project cash flows and long term asset operation. The response highlighted that financial support from governments complements loan funding for urban rail development.

Sahu indicated that fare fixation is carried out in accordance with provisions of the Metro Railways (Operation and Maintenance) Act 2002 and that affordability for commuters is taken into consideration. The DMRC has informed the ministry that it has adopted various measures to increase non?fare box revenue to ensure an affordable fare structure. Those measures are intended to diversify income streams and reduce sole dependence on passenger fares. The ministry framed these steps as part of wider efforts to maintain an equitable and sustainable service model.

The repayment levels and government contributions underline the scale of long term financing required for metropolitan rail infrastructure and the continued role of multilateral lenders in such projects. Repayments from operational revenue offset some budgetary demand but sizeable outstanding liabilities remain. Officials presented the data as indicative of the fiscal and operational challenges that accompany extensive network expansion. Continued monitoring of revenue trends and cost management was described as important for maintaining service affordability.

The outstanding principal loan payable by the Delhi Metro Rail Corporation to the Japan International Cooperation Agency (JICA) stood at Rs 358.28 billion (bn) in June, the Rajya Sabha was informed. The DMRC has repaid nearly Rs 99.48 bn from its operational revenue since project inception, the reply said. The information was provided in a written reply by the Union Minister of State for Housing and Urban Affairs Tokhan Sahu. The figures were presented at prevailing exchange rates and reflect obligations across various phases of the metro programme. In the last five years, cumulative amounts comprising equity, grants and subordinate debt released by the Centre and the Delhi government were Rs 66.04 bn and Rs 61.55 bn respectively, the minister noted. He said the sanction orders for DMRC projects contain provisions setting out the loan repayment structure. Such structured repayment arrangements are designed to align debt servicing with project cash flows and long term asset operation. The response highlighted that financial support from governments complements loan funding for urban rail development. Sahu indicated that fare fixation is carried out in accordance with provisions of the Metro Railways (Operation and Maintenance) Act 2002 and that affordability for commuters is taken into consideration. The DMRC has informed the ministry that it has adopted various measures to increase non?fare box revenue to ensure an affordable fare structure. Those measures are intended to diversify income streams and reduce sole dependence on passenger fares. The ministry framed these steps as part of wider efforts to maintain an equitable and sustainable service model. The repayment levels and government contributions underline the scale of long term financing required for metropolitan rail infrastructure and the continued role of multilateral lenders in such projects. Repayments from operational revenue offset some budgetary demand but sizeable outstanding liabilities remain. Officials presented the data as indicative of the fiscal and operational challenges that accompany extensive network expansion. Continued monitoring of revenue trends and cost management was described as important for maintaining service affordability.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD, NaBFID Partner to Fund Rural Infrastructure

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a Memorandum of Understanding (MoU) to collaborate on financing infrastructure projects with significant rural impact.The partnership combines NABARD’s expertise in rural and agricultural infrastructure with NaBFID’s specialised infrastructure financing capabilities. It will focus on joint financing, knowledge sharing and developing financing solutions to improve access to long-term, competitively priced capital for rural infrastructure an..

Next Story
Infrastructure Energy

Advait Energy Wins Rs 1.34 Billion MPPTCL Order

Advait Energy Transitions (AETL) has secured a Rs 1.34 billion turnkey contract from Madhya Pradesh Power Transmission Co. Ltd. (MPPTCL) for the design, manufacturing and supply of Emergency Restoration Systems (ERS) for 400kV, 220kV and 132kV EHV transmission lines.The order, received against Tender No. TR-23/2025 on August 25, 2026, will be executed over 18 months. The contract value, inclusive of taxes, covers the complete ERS along with the required accessories.Emergency Restoration Systems are used to restore transmission infrastructure following disruptions, helping maintain continuity a..

Next Story
Real Estate

Gradiant expands Coimbatore engineering centre

Gradiant has expanded its Global Engineering Center (GEC) in Coimbatore, more than doubling its engineering workforce from approximately 100 to over 200 professionals as it strengthens its global project execution capabilities.The expanded centre will bring together multidisciplinary expertise across process engineering, detailed design and project engineering, enabling the India team to take on greater responsibility for the engineering and design of Gradiant’s international projects.According to Govind Alagappan, COO, Gradiant, Coimbatore’s engineering talent and industrial heritage make..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement