India Budget 2012: Delhi Metro Gets Rs 2,200 Crore

Delhi Metro Rail Corporation (DMRC) projects have been allocated Rs 2,216.69 crore in the India budget for 2012-13. The money will be spent on construction and extension of the Metro network in the national capital.

Among the funds allocated for the urban development ministry in the budget for 2012-13, Finance Minister Pranab Mukherjee said that a major portion of funds would be invested in Metro rail projects in Delhi, Bangalore, Chennai, Kolkata, Mumbai, Kochi and Jaipur.

"Delhi Metro Rail Corporation (DMRC), which has a huge expansion plan of its existing network of Phase III, tops the list by bagging Rs 2216.69 crore, for construction of its Phase-III project, which would add about 117 km to the metro network," a DMRC official said.

Delhi Metro has been given Rs 100 crore as a grant for constructing a corridor that will connect the Badarpur line in south Delhi to YMCA Chowk in Faridabad.

Delhi Metro, which has a huge expansion plan of its existing network, bagged Rs 1,112.57 crore as equity. Bangalore will get Rs 900 crore, Chennai Rs 990 crore, Kolkata gets Rs 100 crore, Kochi and Mumbai get Rs 19 crore and Jaipur Rs 14 crore as equity.