Metro Rail News Online

New Delhi: The recently released official documents show that the Delhi Metro, which had set a target of Rs 2,505 crore to raise from property development in its Phase III properties, has been able to meet only 18% of that amount so far. In June the board meeting of the Delhi Metro Rail Corporation (DMRC) with an official, meanwhile of meeting they share the concern that the company may not be able to meet the target if the issue related to policies of the DDA the land-owning agency are not resolved. The DMRC documents also stated that during Phase III, the earnings required to be realized from property development was Rs 2,505 crore.  Due to various issues, the corporation has been able to earn only approximate Rs 462 crore. There is also the shortfall of approximately Rs 2,043 crore. The Magenta line which is fully operational and a portion of the pink line has been open for the public are the two major corridors of Phase III. The delay in work was mainly due to major shortfall ...

New Delhi: Starting in March 2018, many new lines of the Delhi metro network will begin to operate. With the completion of the Phase III expansion of Delhi Metro Rail Corporation, the metro rail system of the Indian capital would become the fourth largest in the world with more than 350 km of corridors. Its current network covers 231 km after the recent opening of the Botanical Garden-Kalkaji Mandir section of the Magenta Line. (Source: TOI)   Anuj Dayal, executive director (corporate communications) of DMRC, said that the Delhi Metro has 173 operating stations at this time, making it the ninth largest metro system in the world. “After the completion of Phase III, we will have a network of over 375 km, including the Noida-Greater Noida corridor, and it would be the largest after Shanghai, Beijing and London,” Dayal said. The Noida-Greater Noida corridor would be part of the Delhi metro network with an exchange at the next Noida Sector 52 station. Although built by DM...