Delhi Allocates Dedicated Funds for NCRTC's RRTS Project
RAILWAYS & METRO RAIL

Delhi Allocates Dedicated Funds for NCRTC's RRTS Project

Delhi is taking a strategic step to bolster the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS) project by creating a separate budget head exclusively designated for the project's financial needs. This move underscores the city's commitment to advancing and efficiently managing the crucial transportation initiative.

The decision to allocate specific funds for the RRTS project reflects the significance of the initiative in the city's long-term development plans. Establishing a dedicated budget head ensures focused financial attention, streamlining the allocation and utilization of resources for the successful execution of the RRTS project.

The RRTS project, spearheaded by NCRTC, aims to revolutionise urban transportation in the National Capital Region. By segregating funds for this ambitious initiative, Delhi aims to accelerate the pace of development, reduce bottlenecks, and ensure the timely completion of the RRTS project, contributing to enhanced regional connectivity and sustainable urban mobility.

As Delhi takes this forward-looking step in budgetary planning, it signifies a proactive approach to infrastructural development and underscores the city's commitment to transformative transportation projects that cater to the evolving needs of its residents.

Delhi is taking a strategic step to bolster the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS) project by creating a separate budget head exclusively designated for the project's financial needs. This move underscores the city's commitment to advancing and efficiently managing the crucial transportation initiative. The decision to allocate specific funds for the RRTS project reflects the significance of the initiative in the city's long-term development plans. Establishing a dedicated budget head ensures focused financial attention, streamlining the allocation and utilization of resources for the successful execution of the RRTS project. The RRTS project, spearheaded by NCRTC, aims to revolutionise urban transportation in the National Capital Region. By segregating funds for this ambitious initiative, Delhi aims to accelerate the pace of development, reduce bottlenecks, and ensure the timely completion of the RRTS project, contributing to enhanced regional connectivity and sustainable urban mobility. As Delhi takes this forward-looking step in budgetary planning, it signifies a proactive approach to infrastructural development and underscores the city's commitment to transformative transportation projects that cater to the evolving needs of its residents.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?