Delhi govt allocates Rs 1.5 bn for RRTS Corridors
02 Jan 2024
2 Min Read
CW Team
The initial instalment of Rs 1.5 bn from the Delhi government has been disbursed for the construction of two proposed rapid rail transit system corridors. Out of this, Rs 1 billion is allocated for the Delhi-Shahjahanpur-Neemrana-Behror line, while the remaining funds will be utilised for the Delhi-Panipat corridor.
In response to criticism from the Supreme Court, the transport department had requested a provision of Rs 4.95 billion in the revised budget estimates for the RRTS project. Despite no demand from the department this year, the finance department did not allocate any funds in the 2023-24 budget estimates for the construction of the Delhi-Meerut corridor, as well as the proposed Delhi-Panipat and Delhi-SNB lines.
Earlier disbursements of Rs 5 billion in May and Rs 4.95 billion this month, funded by the environment compensation charge collected from goods vehicles entering the capital, were made for the Delhi-Meerut section. The National Capital Region Transport Corporation has specified that the Delhi government's total share for the two proposed corridors amounts to Rs 57.04 billion, to be paid in annual instalments until 2028-29.
For the financial year 2024-25, Delhi is obligated to pay Rs 8 billion for the Delhi-SNB corridor and Rs 1 billion for the Delhi-Panipat line. Additionally, Rs 10.50 billion, Rs 13 billion, Rs 13.04 billion, and Rs 10 billion are expected to be paid in the subsequent financial years from 2025-26 to 2028-29, respectively.
The comprehensive cost of the three rapid rail corridors is estimated to exceed Rs 910 billion, with contributions from the Centre and the states of Uttar Pradesh, Haryana, and Rajasthan. The Delhi government acknowledges the annual financial commitment for the RRTS lines and plans to allocate the necessary funds from the 2024-25 budget onwards.
The initial instalment of Rs 1.5 bn from the Delhi government has been disbursed for the construction of two proposed rapid rail transit system corridors. Out of this, Rs 1 billion is allocated for the Delhi-Shahjahanpur-Neemrana-Behror line, while the remaining funds will be utilised for the Delhi-Panipat corridor.
In response to criticism from the Supreme Court, the transport department had requested a provision of Rs 4.95 billion in the revised budget estimates for the RRTS project. Despite no demand from the department this year, the finance department did not allocate any funds in the 2023-24 budget estimates for the construction of the Delhi-Meerut corridor, as well as the proposed Delhi-Panipat and Delhi-SNB lines.
Earlier disbursements of Rs 5 billion in May and Rs 4.95 billion this month, funded by the environment compensation charge collected from goods vehicles entering the capital, were made for the Delhi-Meerut section. The National Capital Region Transport Corporation has specified that the Delhi government's total share for the two proposed corridors amounts to Rs 57.04 billion, to be paid in annual instalments until 2028-29.
For the financial year 2024-25, Delhi is obligated to pay Rs 8 billion for the Delhi-SNB corridor and Rs 1 billion for the Delhi-Panipat line. Additionally, Rs 10.50 billion, Rs 13 billion, Rs 13.04 billion, and Rs 10 billion are expected to be paid in the subsequent financial years from 2025-26 to 2028-29, respectively.
The comprehensive cost of the three rapid rail corridors is estimated to exceed Rs 910 billion, with contributions from the Centre and the states of Uttar Pradesh, Haryana, and Rajasthan. The Delhi government acknowledges the annual financial commitment for the RRTS lines and plans to allocate the necessary funds from the 2024-25 budget onwards.
Next Story
Datta Infra Appoints Kirti Manucha as HR Head
Datta Power Infra, a leading Indian infrastructure and renewable energy firm, has appointed Kirti Raj Manucha as its new Head of Human Resources, effective April 2025. The move reflects the company鈥檚 commitment to aligning its expanding operations with a forward-looking and resilient people strategy.With nearly 30 years of experience across multiple industries, Manucha brings deep expertise in human capital transformation. In her new role, she will oversee key HR functions including workforce planning, talent management, leadership development, and the digital transformation of HR processes...
Next Story
JM Financial Bets on Banks, Defence, and Infra
JM Financial has unveiled its India Model Portfolio with a strategic overweight on sectors such as banking, real estate, telecom, infrastructure, and defence, while maintaining an underweight position on internet platforms, utilities, cement, pharmaceuticals, and consumer staples. The brokerage described this sectoral positioning as part of a broader thematic view influenced by improving macroeconomic indicators, a more growth-oriented Reserve Bank of India (RBI), and valuation divergences across market capitalisations.JM Financial's portfolio reflects a +119 basis points (bps) overweight on b..
Next Story
Kerala Floats Rs 11 Bn Tender for Palakkad Smart City
The Kerala government has issued a major tender under the Palakkad Smart City project, part of the Kochi鈥揃engaluru Industrial Corridor, with a projected investment of Rs 11 billion.The Kerala Industrial Infrastructure Development Corporation (Kinfra) announced on Wednesday that tenders have been invited for infrastructure development at the Puthussery Central and Kannambra areas of the Integrated Manufacturing Cluster in Palakkad.According to the release, the first phase of the project, with an estimated cost of Rs 11 billion, is slated for completion within four years. The development spans..
