DMRC cuts down phase 4 cost

Delhi govt,DMRC,Metro

Neighbourhood News Desk/Avi Arya: With the approval from the Delhi Government, the long delay of the cost of Delhi Metro’s phase four was cut down by nearly Rs 10,000 crore in the late September.

DMRC said that the total expense on Phase-IV has been reworked as well as help keeping in mind the current prices and a new tax regime. Delhi government in 2016 asked the finance department to conduct a report on Phase-IV.

In its report, it stated that the project could turn out to be a “colossal waste of money” and declared three of the six corridors “financially unviable”. DMRC also said that another reason for cost reduction was its review of cost escalation of the project.

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