Delhi Metro Rail Corporation (DMRC) has received a $1.15bn (Rs83.9bn) loan for Metro’s Phase 4 expansion plan from the Japanese Government’s bilateral cooperation agency Japan International Cooperation Agency (JICA).
In December 2019, DMRC started executing Phase 4, but could not continue work on some of the underground sections due to the lack of funds.
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DMRC corporate communication executive director Anuj Dayal was quoted by Hindustan Times as saying: “The loan agreement between the Government of India and JICA for the sanction of loan for Delhi Metro’s Phase 4 expansion was signed on 26 March. The amount sanctioned is JPY119,978m (Rs83.9bn).”
The sanctioned loan will be utilised only for the construction of Phase 4 corridors and not for adjusting DMRC’s operational losses.
So far, the Indian Government has approved three corridors out of the proposed six, covering more than 104km, under Phase 4.
The current 389km network will expand by 65km after the addition of the three approved corridors, namely the 28.9km Janakpuri West-RK Ashram, 20.2km Aerocity-Tughlakabad and 12.5km Maujpur-Majlis Park corridors.
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By GlobalDataIn December 2019, DMRC started working on the Janakpuri West-RK Ashram corridor.
However, the construction work was suspended due to the pandemic, resulting in the shortage of labourers, but was later resumed.
Since the resumption of Metro services last year, DMRC has been suffering heavy operational losses, reported Hindustan Times.
In January, DMRC had asked the central government, along with the state governments of Delhi, Uttar Pradesh and Haryana, for financial support of $229.92m (Rs16.78bn).
According to the officials, financial assistance has not yet been sanctioned.
In a separate development, West Central Railways, one of the 18 zones of the Indian Railways, has become the first fully electrified railway zone in India.
This comes after the Chief Commissioner of Railway Safety (CCRS) completed the inspection and commissioning of electrification of the Kota-Chittaurgarh railway section in Rajasthan.
