News By/Courtesy: akshit bharadwaj | 07 Nov 2018 1:00am IST

HIGHLIGHTS

  • Delhi metro’s phase 4 cost cut down by Rs 10,000 Crore
  • The total expenditure of .six corridors was earlier set around Rs 55,208 Crores which has now been reduced to Rs 45,603 crore.
  • This slashed budget is made after keeping in mind the new tax policies

Delhi metro’s phase 4 cost cut down by Rs 10,000 Crore by the DMRC, a month before presenting it to the Delhi Government for the approval of the project. This project has been long delayed due to the high expenditure involved in its construction since 2016.

The total expenditure of six corridors was earlier set around Rs 55,208 Crores which has now been reduced to Rs 45,603 crore. The new proposal will be presented before the Delhi Government in the coming days. Mr. Kailash Gahlot, the transport minister of the Delhi Government asked the commissioner to make a report for all six corridors.

This slashed budget is made after keeping in mind the new tax policies and the equipment that are going to be put in use for the construction of this project. This implies that the reduced cost will also reduce the government’s contribution towards its construction. On the other hand the government has ordered the finance department to run a feasibility test regarding the project keeping in mind the funds available for its disposal.

The project if goes according to the plan will save the tax payer’s money that can be further used for other development projects carried on in different parts of Delhi. It consists of Mohalla Clinics, CCTV installation, development of government schools etc.

Section Editor: UTKARSH JAISWAL | 07 Nov 2018 1:03am IST


Tags : #Delhi metro

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