Delhi Metro's Phase IV Receives Funding Boost: DDA Raises Budget to Rs 390 Crore for Key Infrastructure Projects

Feb 15, 2024 - 11:21
Feb 15, 2024 - 11:21
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Delhi Metro's Phase IV Receives Funding Boost: DDA Raises Budget to Rs 390 Crore for Key Infrastructure Projects
Delhi Metro's Phase IV Receives Funding Boost: DDA Raises Budget to Rs 390 Crore for Key Infrastructure Projects

In a significant development aimed at fortifying the transportation infrastructure in the national capital, the Delhi Development Authority (DDA) has allocated increased funds in its annual budget for the 'under implementation' Phase IV of the Delhi Metro Rail Corporation (DMRC). The budget has been raised from Rs 350 crore to Rs 390 crore for the fiscal year 2023-24, encompassing various public infrastructure and transportation projects designed to rejuvenate urban mobility in the city.

During the annual budget meeting for 2024-25, Lieutenant Governor (LG) VK Saxena, who also serves as the DDA chairman, underscored the authority's forthcoming developmental projects. These initiatives focus on enhancing housing, improving landscape aesthetics, and preserving Delhi's rich heritage.

The meeting approved a total outlay of Rs 8,811 crore for this fiscal year, with a significant portion (approximately 61%) allocated for capital expenditure in alignment with the Union Government's priorities.

Notably, DDA's revenue witnessed a substantial increase, reaching Rs 7,696 crore, marking a remarkable 75% rise compared to the previous year's Rs 4,392 crore in 2023-24, according to officials.

Delving into Phase IV of Delhi Metro: Key Insights

The eagerly anticipated Phase IV of the Delhi Metro encompasses six lines currently under construction and consideration, totaling an expansive 128.81 km. Among these, 65.20 km across three priority corridors, encompassing 46 stations, are actively under construction. The priority corridors include Janakpuri West – R. K. Ashram (29.26 km), Tughlakabad – Delhi Aerocity (23.62 km), and Majlis Park – Maujpur (12.32 km).

Simultaneously, the 'under-consideration' corridors account for a cumulative length of 42.26 km, featuring 33 stations. These corridors are Rithala – Bawana – Narela (21.73 km), Inderlok – Indraprastha (12.57 km), and Lajpat Nagar – Saket G Block (7.96 km).

Additionally, two corridors are currently under consideration: Aerocity – IGDT-1 and Kirti Nagar – Bamnoli Village (METROLITE).

It is worth noting that the tendering process for DMRC's Phase IV civil construction commenced in June 2019, with piling work on Line-8's extension initiating on December 30, 2019, at Haiderpur-Badli Mor Station. The increased budget allocation is expected to accelerate the progress of Phase IV, contributing to the enhancement of Delhi's overall transportation infrastructure.

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