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Centre releases funds for Delhi MRTS Phase-III projects

Tuesday, 07 Oct 2014

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The Central government has released its equity contribution of Rs 250 crore for construction work of Delhi MRTS Phase-III projects.

The Ministry of Urban Development released the amount to DMRC as part of the government of India's share towards equity for meeting the cost of Delhi MRTS Phase-III projects for the current 2014-2015 year. The amount shall consist of 25,00,000 shares of face value of Rs 1,000 each.

The audited statement of account relating to transfer of this amount of Rs 250 crore to the equity of DMRC shall be furnished to Urban Development Ministry after the close of the financial year, together with a certificate that the amount has been utilised for the purpose for which it was sanctioned.

A total amount of Rs 7,883.36 crore was released earlier as equity to DMRC by the Urban Development Ministry.

Recently, Delhi government had also released its equity contribution of Rs 200 crore to DMRC for construction work of Phase-III projects.

More Project Info:
Delhi Metro Rail Project - Phase III