The Centre might step in to ensure that work on the much-delayed Phase-IV of Delhi Metro takes off if a decision on the project is not taken by Delhi government, Union minister for housing and urban affairs Hardeep Singh Puri indicated, while flagging off the Janakpuri West-Kalkaji Mandir section of Magenta Line along with Delhi chief minister Arvind Kejriwal. Delhi Metro’s Phase-IV, which has a total length of 104 kms and will cost Rs 55,208 crore, was approved in principle by the Delhi government in January 2017. A final approval and financial commitment is, however, still awaited. Both the Delhi government and the Centre have an equal stake in Delhi Metro Rail Corporation (DMRC) and follow a 50:50 equity sharing model.
Source : ET Realty