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Union budget 2013: Delhi Metro gets Rs 7,701 crore for Phase-III construction

New Delhi Delhi Metro on Thursday got a budgetary allocation of Rs 7,701 crore for construction of its ambitious Phase-III project that envisages extending the modern transport system further in the national capital.

Finance Minister P Chidambaram announced in his 2013-2014 Budget that the Central Government will infuse Rs 650 crore as its equity, while it will get a pass through assistance of Rs 1750 crore.

He said Rs 5,181.12 would be invested by the Centre in Delhi Metro Rail Corporation (DMRC) for the year 2012-2013.

Delhi Metro has begun construction of its Phase-III project that will add another 103 km of the capital to the Metro map.

Mr Chidambaram also announced Rs 120 crore as grants to Delhi Metro.

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