DMRC Phase-IV gets Rs 500 crore funding clearance
The Delhi Government has managed to secure clearance from the Central Government for Rs 500 crore for the Phase IV of the Delhi Metro Rail Corporation (DMRC). It is said that this will ensure smooth implementation and execution of the newly-cleared corridor, which is slated to be completed by 2021.
The Delhi Government would give its share of Rs 9,707 crore for the mega project, out of the total cost of construction, which is estimated to be about Rs 45,000 crore. Overall, the 104 km-long Delhi Metro Phase-IV will comprise six new corridors, which will provide seamless connectivity for far-flung areas of Delhi.