Page 7 - Dmrc

DMRC to increase operational speed of Airport line to 100 kmph from today

According to officials, the move to increase the speed will bring down the travel time between the New Delhi and IGI Airport stations from 19 minutes by around a couple of minutes

DMRC-RInfra controversy shows potential glitches in framing PPP contracts

The Public Private Partnership Appraisal Committee has cleared 79 projects with a total project cost of Rs 227,268.1 crore from FY15 to FY23, noted the latest Economic Survey

Delhi HC orders DMRC to pay arbitral dues to Rinfra within a month

Tells DMRC to take permission from Centre, Delhi govt within two weeks to pay up

Centre, Delhi govt to help pay DMRC award money it owes to DAMEPL: HC

The Delhi High Court Friday directed the Centre and the city government to attend to the request of DMRC for extension of sovereign guarantees or subordinate debt to enable it to make payment of dues of an arbitral award passed in favour of Reliance Infrastructure-owned Delhi Airport Metro Express Private Limited. The high court said the decision has to be taken by the Union Ministry of Housing and Urban Affairs and the Delhi government within two weeks and if the permission is accorded to the DMRC, it will deposit the entire amount payable under the award along with up-to-date interest within a period of one month. "If the Union ministry or Delhi government decline the request for providing sovereign guarantees or subordinate debt, the Union ministry shall forthwith or at the end of two weeks revert and repatriate all monies received by it from DMRC post March 10, 2022 so as to ensure that the credit balance of the DMRC, total project and total other funds reflects the balance as it

Delhi HC reserves order on Reliance Infra arm's plea against DMRC

Says parties in the case may file written submissions by Monday

DMRC has to pay from funds lying in its account, RInfra arm tells Delhi HC

The DAMEPL counsel argued that DMRC's stance that the corporate veil cannot be lifted does not hold water since it went ahead and did just that

Revisit provision of Metro Act, ensure no asset attached, says Puri

This comes days after Delhi HC asked Centre to decide on issue of granting sanction for attaching moveable and immovable assets of DMRC

No sanction for attachment of DMRC's operational assets: Centre to Delhi HC

The court also said that the Court won't consider DMRC's future liabilities/provisions

It's amazing DMRC, formed by two govts, has no money: Delhi High Court

Attaching DMRC's assets for award will bring Delhi to a halt, Centre tells HC

Sanction to attach properties of DMRC not possible: Centre tells Delhi HC

The Delhi High Court on Thursday was informed by the Centre that it cannot give sanction for attachment of properties of Delhi Metro Rail Corporation (DMRC)

HC asks Centre to decide on attaching DMRC's assets for payment to RInfra

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

DMRC vs Rinfra to be heard on Friday, HC tells Delhi, Union govt

Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter

DMRC to soon launch India's first virtual shopping, recharge app for metro

Delhi Metro will soon launch an app which will enable commuters to buy a range of products and book various services, including those for last-mile connectivity. 'Momentum 2.0' India's first virtual shopping app for the metro will also include features such as instant recharge of Delhi Metro's smart cards and smart payment options for other utility services, officials said on Sunday. The app will "enable the metro commuters to buy a range of products and book services while travelling in the metro and collect their orders at the destination stations," the DMRC said in a statement. 'Momentum 2.0' will provide its users instant and direct access to custom-made services such as last-mile connectivity options, a wide array of e-shopping choices, and digital lockers for quick and safe deliveries. In February 2022, PTI reported that Delhi Metro had embarked on a visionary project that seeks to integrate its regular services with e-commerce via cutting-edge digital platforms, with the .

DMRC-DAMEPL: HC issues notices to Centre, Delhi govt to make submissions

The Delhi High Court Friday issued notice to the Union Ministry of Housing and Urban Affairs and AAP government to apprise it how the unpaid arbitral award, passed in favour of Reliance Infrastructure-owned Delhi Metro Express Private Limited (DAMEPL) and against Delhi Metro Rail Corporation (DMRC), would be paid. The Central and Delhi government are the two essential stakeholders in the DMRC, which informed the high court that despite making requisite efforts, the two stakeholders have been unable to arrive at a consensus on the ways and means in which the amount payable under the award may be liquidated. The high court impleaded the two governments as parties in the execution proceedings filed by DAMEPL seeking recovery of the unpaid portion of the arbitration award. The court noted the total amount of the award with interest till February 14, 2022 was Rs 8009.38 crore. Out of this, a sum of Rs 1678.42 crore has been paid so far by the DMRC and Rs 6330.96 crore is still due to be

Union Budget 2023: Rs 19,518 crore allocated to metro projects across India

The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday. Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, "Our vision for the 'Amrit Kaal' includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential". A senior official said the total budgetary outlay for year 2023-24 for all metro projects stands at Rs 19,518 crore. The allocation in 2022-23 was Rs 19,130 crore. However, the revised budget estimates for the same for 2022-23 was 15,628 crore, according to budget documents. In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro's alone, a senior official at the DMRC said. The outlay for this year includes equity investment of Rs 4,471 crore, subordinate debt of Rs 1

Delhi HC fixes Feb 13 for next hearing in DMRC-DAMEPL case, may pass order

RInfra arm says it isn't immune from insolvency, pleads for court order to DMRC to release award amount to ease pressure from banks on DAMEPL

DMRC, Airtel Payments Bank to provide another smart card top-up facility

Delhi Metro has partnered with Airtel Payments Bank to provide one more smart card top-up facility to commuters, officials said on Sunday. This new initiative is focused on contributing to the government's vision of Digital India and financial inclusion by taking digital transaction services to the doorstep of every Indian, the DMRC said in a statement. The top-up facility of Delhi Metro's smart cards will now be possible through Airtel Payments Bank, it said. This new facility will be of great convenience to the commuters since this will allow them to use one more reliable option to recharge their smart cards through their mobile phones, the statement said. The transactions will be completely safe and the card or internet banking details will be saved only once by the app. Recharge through this facility will be fast and convenient, it added.

Delhi govt refuses to participate in arbitral award payment to RInfra

The DMRC on December 15 had launched a rights issue to raise Rs 7,131 crore from its existing shareholders - the Centre and the Delhi government, which own 50 per cent of the company each

Delhi Metro plans phase-5 as passenger traffic surges to pre-Covid levels

\Route expansion in backseat, DMRC may focus on capacity addition

No exit from Rajiv Chowk Metro post-9 pm on New Year's eve, says DMRC

To ease overcrowding on New Year's eve, exit from Rajiv Chowk metro station will not be allowed from 9 PM onwards, the Delhi Metro Rail Corporation (DMRC) said in a statement.However, entry of passengers will be allowed till the departure of the last train from the Rajiv Chowk Metro station."As advised by the Delhi Police, to ease overcrowding on New Year's Eve (31st December, 2022), exit from Rajiv Chowk Metro station will not be allowed from 9 PM onwards. However, entry of passengers will be allowed till the departure of the last train from the Rajiv Chowk Metro station. Commuters are requested to plan their journey accordingly," DMRC said.Meanwhile, the Delhi Police have planned several measures and drives to ensure that citizens enjoy New Year's Eve safely.In conversation with ANI, Special Commissioner of Police Traffic, SS Yadav on Thursday, said elaborate traffic arrangements throughout the city for the smooth flow and regulation of traffic on the New Year's Eve has been ...