Delhi releases payment for construction of RRTS corridors
RAILWAYS & METRO RAIL

Delhi releases payment for construction of RRTS corridors

The Delhi government has finally released Rs 150 crore as first instalment of its contribution in the construction of two proposed corridors of the rapid rail transit system. While Rs 100 crore is for Delhi-Shahjahanpur-Neemrana-Behror line, the remaining amount will be spent on the Delhi-Panipat corridor.

Officials said the Supreme Court had earlier rapped the Delhi government following which the transport department sought a provision of Rs 495 crore in the revised budget estimates to pay for RRTS. With no demand from the department this year, the finance department of the Delhi government had not made any allocation in the budget estimates for 2023-24 for the Delhi-Meerut corridor, which is under construction, and the proposed lines of Delhi-Panipat and Delhi-SNB.

The government had paid Rs 500 crore in May and Rs 495 crore earlier this month from the environment compensation charge, which is collected from goods vehicles entering the capital, for the Delhi-Meerut section.

As per the details submitted by National Capital Region Transport Corporation, the Delhi government?s share for the two proposed corridors stands at Rs 5,704 crore, which will have to be paid in six years in pre-decided annual instalments till 2028-29.

The Delhi government has finally released Rs 150 crore as first instalment of its contribution in the construction of two proposed corridors of the rapid rail transit system. While Rs 100 crore is for Delhi-Shahjahanpur-Neemrana-Behror line, the remaining amount will be spent on the Delhi-Panipat corridor. Officials said the Supreme Court had earlier rapped the Delhi government following which the transport department sought a provision of Rs 495 crore in the revised budget estimates to pay for RRTS. With no demand from the department this year, the finance department of the Delhi government had not made any allocation in the budget estimates for 2023-24 for the Delhi-Meerut corridor, which is under construction, and the proposed lines of Delhi-Panipat and Delhi-SNB. The government had paid Rs 500 crore in May and Rs 495 crore earlier this month from the environment compensation charge, which is collected from goods vehicles entering the capital, for the Delhi-Meerut section. As per the details submitted by National Capital Region Transport Corporation, the Delhi government?s share for the two proposed corridors stands at Rs 5,704 crore, which will have to be paid in six years in pre-decided annual instalments till 2028-29.

Next Story
Real Estate

Godrej Properties Logs Rs 26 Bn Sales in First Year in Hyderabad

Godrej Properties has reported housing sales worth over Rs 26 billion in its first year of operations in Hyderabad, underscoring a strong market entry and prompting the company to accelerate expansion plans in the city. The developer sees significant long-term growth potential in Hyderabad, driven by sustained demand for premium and luxury residential properties.The company entered the Hyderabad housing market in January this year with the launch of its first residential project at Kokapet. This was followed by a second project launch during the July–September quarter. Together, these two de..

Next Story
Infrastructure Transport

Mahindra Unveils COMPAX Mini Compactor at EXCON 2025

Mahindra’s Construction Equipment business (MCE) recently unveiled the Mahindra COMPAX mini compactor for the road construction industry at the CII-organised EXCON exhibition held at BIEC, Bengaluru. Alongside the new launch, the company showcased its advanced CEV-V range of machines, featuring improved comfort, higher productivity and enhanced performance aimed at improving customer earnings.Speaking at the event, Dr Venkat Srinivas, Business Head – Mahindra Truck, Bus and Construction Equipment, and Executive Director & CEO – SML Mahindra Ltd, said Mahindra’s commercial vehicles ..

Next Story
Real Estate

Puravankara Arm Secures Rs 5.09 Bn Bengaluru Luxury Project LoA

Puravankara has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction (SICL), has received a Letter of Acceptance (LoA) valued at Rs 5.09 billion for a large-scale luxury residential project in Bengaluru. The contract reinforces the group’s construction portfolio and underlines its continued presence in the city’s premium housing segment.The LoA has been awarded by One Bangalore Luxury Projects LLP and pertains to the execution of Varnam Phase 1 of the One Bangalore Luxury Project, located in Devanahalli in Bengaluru Rural District. The scope of work inclu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App