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DMRC to get Rs 1,546 cr interest-free loan from Delhi Govt.

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ANI New Delhi
Last Updated : Feb 25 2016 | 11:22 PM IST

The Delhi Cabinet has approved the proposal to provide Rs. 1,546 crores to the Delhi Metro Rail Corporation (DMRC) over the next three financial years for its Phase-III.

An official release said that the DMRC had requested that the estimated VAT payable by it for Phase-III project may be paid to it as Interest Free Subordinate Debt long term loan.

It said the AAP-led Government would pay the amount for the three years beginning this financial year.

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First Published: Feb 25 2016 | 11:07 PM IST

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