Delhi (Metro Rail News): Delhi Metro Rail Corporation (DMRC) has announced that they have received financial closure for the three remaining corridors of Delhi Metro Phase 4.
- Inderlok – Indraprstha
- Saket G Block – Lajpat Nagar
- Rithala – Narela – Nathurpur
DMRC has achieved the financial closure through the signing of the first tranche of the loan agreement between the Government of India and the Japan International Cooperation Agency (JICA).
The Government of India and the Japan International Cooperation Agency (JICA) have signed the loan agreement of ₹ 4309.53 crores ( Equivalent to about 79,726 million Japanese Yen).
JICA has provided financial cooperation for the Delhi Metro project since its initial stages, impacting mass transportation in India’s national capital and surrounding areas.
Official Statement from JICA
Commenting on the occasion, Mr. TAKEUCHI Takuro, Chief Representative of JICA India, stated, “The rapid increase in urbanization and vehicle ownership in Delhi has led to severe traffic congestion and environmental challenges. The expansion of the Delhi Metro network is a critical step toward addressing these issues by providing a reliable, efficient, and eco-friendly mass transit solution. JICA remains committed to supporting India’s efforts in developing sustainable urban infrastructure, and this project will contribute significantly to improving the quality of life for Delhi’s residents.”
Future Projection
Following this development, the tendering process is expected to advance, leading to the initiation of construction activities.
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