Delhi Metro Phase-III proposed to be taken up in 2011-12

The construction of Delhi Metro's Phase-III, which envisages adding another 104 kms to the network in Delhi, is proposed to be taken up in 2011-12, the government announced today and alloted Rs 1351 crore as budgetary support for it.

With the Phase-II, that brought the Metro network in Delhi to about 200 kms, almost nearing its completion, the Government announced plans for the Phase-III for which the Delhi Metro has already prepared detailed project reports. "In 2011-12, Delhi Metro Phase-III and Mumbai Metro Line III are proposed to be taken up," Finance Minister Pranab Mukherjee said in his budget speech in Lok Sabha. While the Centre will infuse Rs 452.2 crore as equity to the Delhi Metro Rail Corporation, which it jointly owns with the Delhi Government, it will provide Rs 101.28 crore as grants. Mukherjee also proposed allotment of Rs 1,351.