Delhi Metro today got a budgetary allocation of Rs 2,200 crore for construction of its ambitious Phase-III project that envisages extending the modern transport system further in the national capital.
Finance Minister Pranab Mukherjee announced in his 2012-2013 Budget that the central government will infuse Rs 1,112.57 crore as its equity, while it will get a pass through assistance of Rs 749.12 crore.
He said Rs 2,116.69 crore has been alloted to 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.
Mukherjee also announced a Rs 100 crore to Delhi Metro for construction of the Fairdabad Corridor that will connect the national capital with its satellite city.
Delhi Metro officials said they were satisfied with the budgetary allocation announced in the Budget as it was on the expected lines.