DMRC seeks Rs 62 billion in revised budget for 2024-25

14 Oct 2024 CW Team

In a letter to the Delhi transport department, DMRC stated that it requires Rs 28.72 billion to pay its share of a loan from the Japan International Cooperation Agency (JICA), which funded the metro’s expansion. Additionally, over Rs 20 billion is needed to cover exchange rate fluctuations, which must be addressed within this fiscal year. The agency also sought financial support for completing Phase 3 of the metro expansion and advancing the construction of Phase 4 corridors.

DMRC, a joint venture between the Delhi and central governments, currently operates a 393-kilometer metro network across the capital and the National Capital Region (NCR). Construction on 65 kilometers of three priority corridors is underway, with completion expected by 2026. The metro expansion, funded by government equity and soft loans from JICA, links key parts of Delhi with neighbouring cities like Gurgaon, Faridabad, Noida, Ghaziabad, and Bahadurgarh.

According to the Union Ministry of Housing and Urban Affairs (MoHUA), the revised completion cost for the Phase 3 expansion requires the Delhi government to contribute Rs 24.15 billion. In its budget revision request, DMRC asked for Rs 7.24 billion to be included in the current fiscal year's estimates.

The metro agency has also requested Rs 4 billion for capital expenditures to ensure smooth progress on Phase 4. In its original budget proposal for 2024-25, DMRC sought Rs 17.72 billion —Rs 9 billion for capital projects and Rs 8.22 billion to cover operational losses. However, the Delhi government allocated only Rs 5 billion, which has since been disbursed.

In a recent communication to the transport secretary, DMRC’s finance director emphasised the urgency of releasing Rs 48.72 billion to settle dues with JICA. "While the funds required for Phase 3 and 4 projects can be disbursed in installments as needed, the pending JICA loan amount and exchange rate adjustments must be paid to MoHUA in one go," the letter stated.

As the Delhi government begins revising budget estimates for the 2024-25 fiscal year, the Delhi Metro Rail Corporation (DMRC) has requested over Rs 62 billion to meet various capital and operational expenses. In a letter to the Delhi transport department, DMRC stated that it requires Rs 28.72 billion to pay its share of a loan from the Japan International Cooperation Agency (JICA), which funded the metro’s expansion. Additionally, over Rs 20 billion is needed to cover exchange rate fluctuations, which must be addressed within this fiscal year. The agency also sought financial support for completing Phase 3 of the metro expansion and advancing the construction of Phase 4 corridors. DMRC, a joint venture between the Delhi and central governments, currently operates a 393-kilometer metro network across the capital and the National Capital Region (NCR). Construction on 65 kilometers of three priority corridors is underway, with completion expected by 2026. The metro expansion, funded by government equity and soft loans from JICA, links key parts of Delhi with neighbouring cities like Gurgaon, Faridabad, Noida, Ghaziabad, and Bahadurgarh. According to the Union Ministry of Housing and Urban Affairs (MoHUA), the revised completion cost for the Phase 3 expansion requires the Delhi government to contribute Rs 24.15 billion. In its budget revision request, DMRC asked for Rs 7.24 billion to be included in the current fiscal year's estimates. The metro agency has also requested Rs 4 billion for capital expenditures to ensure smooth progress on Phase 4. In its original budget proposal for 2024-25, DMRC sought Rs 17.72 billion —Rs 9 billion for capital projects and Rs 8.22 billion to cover operational losses. However, the Delhi government allocated only Rs 5 billion, which has since been disbursed. In a recent communication to the transport secretary, DMRC’s finance director emphasised the urgency of releasing Rs 48.72 billion to settle dues with JICA. While the funds required for Phase 3 and 4 projects can be disbursed in installments as needed, the pending JICA loan amount and exchange rate adjustments must be paid to MoHUA in one go, the letter stated.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..