Delhi govt allocates Rs 1.5 bn for RRTS Corridors
RAILWAYS & METRO RAIL

Delhi govt allocates Rs 1.5 bn for RRTS Corridors

The initial instalment of Rs 1.5 bn from the Delhi government has been disbursed for the construction of two proposed rapid rail transit system corridors. Out of this, Rs 1 billion is allocated for the Delhi-Shahjahanpur-Neemrana-Behror line, while the remaining funds will be utilised for the Delhi-Panipat corridor.

In response to criticism from the Supreme Court, the transport department had requested a provision of Rs 4.95 billion in the revised budget estimates for the RRTS project. Despite no demand from the department this year, the finance department did not allocate any funds in the 2023-24 budget estimates for the construction of the Delhi-Meerut corridor, as well as the proposed Delhi-Panipat and Delhi-SNB lines.

Earlier disbursements of Rs 5 billion in May and Rs 4.95 billion this month, funded by the environment compensation charge collected from goods vehicles entering the capital, were made for the Delhi-Meerut section. The National Capital Region Transport Corporation has specified that the Delhi government's total share for the two proposed corridors amounts to Rs 57.04 billion, to be paid in annual instalments until 2028-29.

For the financial year 2024-25, Delhi is obligated to pay Rs 8 billion for the Delhi-SNB corridor and Rs 1 billion for the Delhi-Panipat line. Additionally, Rs 10.50 billion, Rs 13 billion, Rs 13.04 billion, and Rs 10 billion are expected to be paid in the subsequent financial years from 2025-26 to 2028-29, respectively.

The comprehensive cost of the three rapid rail corridors is estimated to exceed Rs 910 billion, with contributions from the Centre and the states of Uttar Pradesh, Haryana, and Rajasthan. The Delhi government acknowledges the annual financial commitment for the RRTS lines and plans to allocate the necessary funds from the 2024-25 budget onwards.

The initial instalment of Rs 1.5 bn from the Delhi government has been disbursed for the construction of two proposed rapid rail transit system corridors. Out of this, Rs 1 billion is allocated for the Delhi-Shahjahanpur-Neemrana-Behror line, while the remaining funds will be utilised for the Delhi-Panipat corridor. In response to criticism from the Supreme Court, the transport department had requested a provision of Rs 4.95 billion in the revised budget estimates for the RRTS project. Despite no demand from the department this year, the finance department did not allocate any funds in the 2023-24 budget estimates for the construction of the Delhi-Meerut corridor, as well as the proposed Delhi-Panipat and Delhi-SNB lines. Earlier disbursements of Rs 5 billion in May and Rs 4.95 billion this month, funded by the environment compensation charge collected from goods vehicles entering the capital, were made for the Delhi-Meerut section. The National Capital Region Transport Corporation has specified that the Delhi government's total share for the two proposed corridors amounts to Rs 57.04 billion, to be paid in annual instalments until 2028-29. For the financial year 2024-25, Delhi is obligated to pay Rs 8 billion for the Delhi-SNB corridor and Rs 1 billion for the Delhi-Panipat line. Additionally, Rs 10.50 billion, Rs 13 billion, Rs 13.04 billion, and Rs 10 billion are expected to be paid in the subsequent financial years from 2025-26 to 2028-29, respectively. The comprehensive cost of the three rapid rail corridors is estimated to exceed Rs 910 billion, with contributions from the Centre and the states of Uttar Pradesh, Haryana, and Rajasthan. The Delhi government acknowledges the annual financial commitment for the RRTS lines and plans to allocate the necessary funds from the 2024-25 budget onwards.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?