Rs 195.18 bn allocated to metro projects in Budget 2023-24

03 Feb 2023 CW Team

The government has allocated a total of Rs 195.18 billion to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday.

Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, "Our vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential".

The total budgetary outlay for the year 2023-24 for all metro projects stands at Rs 195.18 billion. The allocation in 2022-23 was Rs 191.30 billion. However, the revised budget estimates for the same for 2022-23 were 156.28 billion, according to budget documents.

In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro's alone, a senior official at the DMRC said.

The outlay for this year includes an equity investment of Rs 44.71 billion, subordinate debt of Rs 13.24 billion and pass-through assistance of Rs 137.23 billion.

The Centre has allocated Rs 35.96 billion to the National Capital Region Transport Corporation (NCRTC) for the country's first Regional Rapid Transit System (RRTS) project, a fall of about 23 per cent from the outlay in the last budget.

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