Budget 2013: Delhi Metro gets Rs 7,701 crore for Phase-III construction

FM in his 2013 Budget said that the Central Govt will infuse Rs 650 crore as its equity, while it will get a pass through assistance of Rs 1750 cr.

By PTI | Updated: Feb 28, 2013, 03.31 PM IST

NEW DELHI: Delhi Metro today got a budgetary allocation of Rs 7,701 crore for construction of its ambitious Phase-III project that envisages extending the modern transport system further in the national capital.

Finance Minister P Chidambaram announced in his 2013-2014 Budget that the Central Government will infuse Rs 650 crore as its equity, while it will get a pass through assistance of Rs 1750 crore.

He said Rs 5,181.12 would be invested by the Centre in Delhi Metro Rail Corporation (DMRC) for the year 2012-2013. Delhi Metro has begun construction of its Phase-III project that will add another 103 km of the capital to the Metro map.

Chidambaram also announced Rs 120 crore as grants to Delhi Metro.

Start a SIP with as low as ₹500 with ET Money App!