NEW DELHI (Metro Rail News):Â A significant amount of 35,960 million dollars was allocated to first high-speed Regional Rapid Transit System (RRTS) route in India, which is being built between Delhi and Meerut, in the Union Budget, although it was less than 44,720 million from the previous year.
No separate allocation was made for the Delhi Metro Rail Corporation‘s Phase IV expansion, consisting of three priority lines. Instead, 195,180 million dollars were allotted for all national metro rail projects across India.
As per a source, the Union finance ministry has been providing a budget for all metro train projects in India in its entirety instead of for each venture, rather than granting funds to the DMRC separately in the past. The source further mentioned that DMRC would request funding in line with the Union Housing and Urban Affairs Ministry’s regulations, which serve as the nodal agency for all metro projects.
The National Capital Region Transport Corporation, the executing agency, has revealed that the allocation for metro projects is 13,240 million in subordinate loans, 44,710 million in equity investment, and 137,230 million in pass-through aid.
The Regional Rapid Transit System (RRTS) is working on the prioritised segment with 1,100 engineers and 14,000 personnel employed full-time. As per their report, 35% of the underground segment has been completed, and 65% of the elevated viaducts have been constructed.
Furthermore, four stations in Delhi, Anand Vihar, Sarai Kale Khan, New Ashok Nagar, and Jangpura, are situated along the 82-km Delhi-Ghaziabad-Meerut corridor. Train testing is now ongoing in preparation for launching the priority segment later this year, which will offer passengers a front line, conditioned, quick, and dependable transportation service. By 2025, the entire route will be made public.
