DMRC seeks Rs 62 billion in revised budget for 2024-25
RAILWAYS & METRO RAIL

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

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.

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.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?