DMRC seeks Rs 72 billion in Delhi budget for Phase-IV completion
RAILWAYS & METRO RAIL

DMRC seeks Rs 72 billion in Delhi budget for Phase-IV completion

As the Delhi government finalises the revised budget for the 2024-25 financial year, the Delhi Metro Rail Corporation (DMRC) has requested Rs 72 billion to fulfill key commitments, including the timely completion of new corridors under Phase-IV and pending payments for the Phase-III expansion.

In a letter to the Chief Secretary, DMRC Managing Director Vikas Kumar warned that delays in funding could result in project setbacks and cost overruns. The Phase-IV expansion includes the construction of three priority corridors: RK Ashram to Janakpuri (West), Aerocity to Tughlaqabad, and Mukundpur to Maujpur. These corridors, spanning nearly 62 km, are expected to be completed by 2026. Sanctions for two additional lines—Lajpat Nagar to Saket G Block and Inderlok to Indraprastha—were received earlier this year, while another corridor, Rithala to Nathupur, is still awaiting approval.

Kumar emphasised that the Phase-IV project, estimated at Rs 249.48 billion, requires consistent funding to meet deadlines. He called for urgent intervention to ensure the release of necessary funds to avoid delays and prevent cost overruns. DMRC's finance director had also previously appealed for financial support to maintain uninterrupted construction of metro lines.

Additionally, Kumar requested the immediate release of Rs 3.76 billion to the Public Works Department (PWD) for the construction of three unique double-decker viaducts along the Aerocity-Tughlaqabad corridor and others. These viaducts, with metro trains on the upper deck and vehicles below, are crucial for the Phase-IV expansion.

DMRC has completed all corridors under Phase-III, spanning 160 km, but it still requires approximately Rs 7.25 billion to fulfill contractual obligations. The corporation also sought funds to cover the repayment of the Japan International Cooperation Agency (JICA) loan for earlier phases and to address the Delhi government’s share of foreign exchange variation.

The DMRC has urged the Delhi government to approve the necessary funds in the revised budget estimates for FY 2024-25, enabling the timely release of payments to keep Phase-IV construction on track.

(ET)

As the Delhi government finalises the revised budget for the 2024-25 financial year, the Delhi Metro Rail Corporation (DMRC) has requested Rs 72 billion to fulfill key commitments, including the timely completion of new corridors under Phase-IV and pending payments for the Phase-III expansion. In a letter to the Chief Secretary, DMRC Managing Director Vikas Kumar warned that delays in funding could result in project setbacks and cost overruns. The Phase-IV expansion includes the construction of three priority corridors: RK Ashram to Janakpuri (West), Aerocity to Tughlaqabad, and Mukundpur to Maujpur. These corridors, spanning nearly 62 km, are expected to be completed by 2026. Sanctions for two additional lines—Lajpat Nagar to Saket G Block and Inderlok to Indraprastha—were received earlier this year, while another corridor, Rithala to Nathupur, is still awaiting approval. Kumar emphasised that the Phase-IV project, estimated at Rs 249.48 billion, requires consistent funding to meet deadlines. He called for urgent intervention to ensure the release of necessary funds to avoid delays and prevent cost overruns. DMRC's finance director had also previously appealed for financial support to maintain uninterrupted construction of metro lines. Additionally, Kumar requested the immediate release of Rs 3.76 billion to the Public Works Department (PWD) for the construction of three unique double-decker viaducts along the Aerocity-Tughlaqabad corridor and others. These viaducts, with metro trains on the upper deck and vehicles below, are crucial for the Phase-IV expansion. DMRC has completed all corridors under Phase-III, spanning 160 km, but it still requires approximately Rs 7.25 billion to fulfill contractual obligations. The corporation also sought funds to cover the repayment of the Japan International Cooperation Agency (JICA) loan for earlier phases and to address the Delhi government’s share of foreign exchange variation. The DMRC has urged the Delhi government to approve the necessary funds in the revised budget estimates for FY 2024-25, enabling the timely release of payments to keep Phase-IV construction on track. (ET)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?