Nearly 20 per cent reduction in budget for metro projects

Presenting the budget today, Finance Minister Arun Jaitley said infrastructure is the "growth driver" of the economy and urbanisation is the government's "opportunity and priority".

Published: 02nd February 2018 03:13 AM  |   Last Updated: 02nd February 2018 03:13 AM   |  A+A-

Kochi metro (File | EPS)

By PTI

NEW DELHI: The Centre has kept an outlay of Rs 14,264.60 crore for metro projects across the country in the Union Budget for 2018-19, a reduction of nearly 20 per cent from the allocation in the previous budget.

Presenting the budget today, Finance Minister Arun Jaitley said infrastructure is the "growth driver" of the economy and urbanisation is the government's "opportunity and priority".

However, the budget document did not provide a break-up for the individual projects like those being executed by the Delhi Metro Rail Corporation (DMRC).

The budget also proposed a grant of Rs 50 crore to the Delhi Metro for its expansion into NCR areas.

The allocation for metro projects for 2017-18 was Rs 17,810 crore and for expansion into NCR areas, the DMRC was granted Rs 150 crore.

This year, the pass through assistance such that loan amount provided by external agencies, has been pegged at Rs 10,373 crore while the equity investment figure stands at Rs 2,341 crore.

According to the DMRC, the sanctioned cost for the Phase III project, which includes extension to Haryana and Uttar Pradesh, stands at Rs 44,816.91 crore.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL2018