New Delhi (Metro Rail News): To better connect the northwestern region of Delhi, especially the ones near the Haryana border, the “Public Investment Board” of the Ministry of Finance has sanctioned the “Ministry of Housing and Urban Affairs DDG proposal to extend the existing Red Line of the Delhi metro.
Labeled as the “Rithala-Nerela-Kundli Metro corridor”, this extension of the Red Line will cover a total distance of 26.5 Km via 21 stations, thereby connecting the nearby region with the rest of the city.
Financial Aspects of this Project
The total cost of the project will be Rs. 6,231 crores. Of this, it has been reported that the Delhi Segment” of the project (which has a cost estimate of Rs. 5,685.22 crores) will be funded by the Delhi Development Authority (DDA) in which-
- The government of India will cover 40% of the project’s cost.
- 37.5% will be covered through bilateral and multilateral loans.
- Lastly, the Delhi Government will cover approximately 20% of the project cost.
Likewise, for “The Haryana Segment” (which costs Rs. 545.77 crores), 80% of the funding will be provided by the Haryana government and the remaining 20% by the central government.
Critical analysis of this funding distribution, at its core, showcases the Delhi and the Haryana government’s effort to provide better connectivity to the “Narela-Bawana-Alipur” areas with the rest of the city. A major reason for such infrastructural and connectivity-based upgradation is that upon completion, this corridor will bolster economic and regional development in these far-flung regions of northwestern Delhi and Haryan
Cause and Effect of the Extension of the Red Line of the Delhi Metro
it would provide seamless inter-state transportation between Ghaziabad (Uttar Pradesh), Delhi, and Kundli (Haryana). All this cumulatively shows that such infrastructural and transportation development projects will benefit the economy of North India, by boosting its social life, economic, and business perspectives. Ultimately, one can state that this will enhance the lifestyle, societal structure, and GDP of the Indian economy.
