Delhi Metro | Finance ministry approves Phase IV project of DMRC
New Delhi: Under the fourth phase of Delhi Metro , the proposal which has been given the theoretical approval by the Finance Ministry, will make three corridors. Their total length will be 60 km. These three corridors will be like one at Yamuna Pahar, the other in West Delhi and the third in South Delhi. The total construction cost of these three projects will be Rs 34 thousand 580 crores. According to sources in the Ministry of Housing and Urban Affairs, the Finance Ministry gives its approval only after analyzing the funding pattern of the total project cost. It is done only after this approval that the note is prepared for the opinion of all the parties and ministries and it is then approved by the Public Investment Board. By law, the third phase of the Delhi Metro should have been completed in 2016 and the construction of the fourth phase from 2017 had to start but neither the phase three was completed and nor the Fourth phase was approved. Although the first Delhi Metro had prop...