Poor plan, slow work cost Metro crores

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Poor planning and execution and delay in completion of projects has reportedly pushed the Delhi Metro Rail Corporation (DMRC) into huge losses. While there has been an increase in the ridership of the Delhi Metro, the corporation incurred a loss of about Rs 100 crore in 2013-14.

The Delhi Metro, which had taken a loan of Rs 18,324.80 crore from the Japan International Cooperation Agency till March 2014, has repaid Rs 1,925.77 crore to the agency.

Most of the DMRC projects are said to be running behind the schedule, leading to the escalation in the construction cost.

It is learnt that the work on Jehangirpuri and Badli stretch was 77 per cent complete and the line was expected to be completed by March 2015. There are indications that this stretch may not be completed on time due to certain reasons or delay in possession of private land. More info

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