Success in my Habit

Showing posts with label Delhi Metro. Show all posts
Showing posts with label Delhi Metro. Show all posts

Thursday, September 1, 2011

Delhi Metro hikes parking fees from September 8

NEW DELHI: The Delhi Metro Rail Corporation (DMRC) is hiking its parking fees from Sep 8 onwards, according to a DMRC official.

The monthly parking fee for car goes up to Rs.625 from Rs.500; motorcycle, scooter and autorickshaw to Rs.300 from Rs.250; and cycle-rickshaw to Rs.30 from Rs.20.

"The fee at Metro stations is much less than those levied by the Municipal Corporation of Delhi (MCD) and New Delhi Municipal Council (NDMC)," the DMRC official said.

The increase apart, the DMRC also introduced a monthly parking pass Thursday at select stations.

"These monthly passes will be issued to any regular commuter using smart card, provided they have used their smart card for at least 20 days in August," the DMRC official said.

To avail this facility, the commuter should give a request letter with the copies of driving licence, registration certificate and smart card at the 18 stations earmarked.

The 18 stations are: Dilshad Garden, Jhilmil, Shahdara, Seelampur, Tis Hazari, Pulbangash, Pratap Nagar, Shastri Nagar, Inder Lok, Kanhaiya Nagar, Rohini West, Rithala, GTB Nagar, Patel Chowk, RK Ashram, Moti Nagar, Janakpuri East and Uttam Nagar East.

The Delhi Metro makes over 2,400 trips per day, traversing about 69,000 km and ferrying around 17 lakh passengers on working days.

Monday, February 21, 2011

Delhi Metro Phase-III launch to be announced in Budget

NEW DELHI: The third phase of Delhi Metro envisaging an investment of Rs 28,000 crore is likely to be announced in the General Budget for 2011-12, says highly placed sources in the government.

"The DMRC is in the process of finalising the funding pattern of the Delhi Metro's third phase which will be launched in the Union Budget on February 28," they said.

There will be a provision for a portion of the Centre's equity investment in Delhi Metro's third phase expansion in 2011-12. The Delhi Metro has already initiated the process of finalising the funding pattern with the Planning Commission.

The third phase is likely to cover 105 km distance taking the total network by Delhi Metro to over 300 km.

The decision on the funding pattern, which has been a contentious issue, is taking time. Earlier this week the Delhi Metro had made detailed presentation on Phase-III project to the Planning Commission.

While the Planning Commission wants the debt equity ratio to be increased to 50:50, sources said the Delhi Metro has expressed its reservations against such high equity investments by the Delhi and central governments.

Sources said the Delhi Metro has proposed a debt equity ratio of 40:60 under which the two governments will contribute 20 per cent each and the rest to be raised by loans from agencies like Japan International Cooperation Agency (JICA).

It is likely that a consensus can be achieved a debt equity ration of 40:60 per cent. The ration for first and second phase of Delhi Metro was 70:30 per cent.

The Delhi Metro has proposed for six corridors under the Phase-III plan to the Commission. However, so far there is a the broad agreement on four corridors proposed by the Delhi Metro in its third phase.

The Delhi government gave its in-principle approval to the project in October and asked the DMRC to rework on three corridors so that ring road and areas like Jamia Nagar be connected through the Metro.

The DPR was prepared by the DMRC last month after which it has been decided to extend the Phase-III network to 105 km.

Lending agency JICA has also given positive indications to extend financial assistance to the project.

JICA has funded the Phase-I and Phase-II of the Delhi Metro and is also funding other Metro projects in the country.

The Phase-III is likely to be implemented at a cost of Rs 28,000 crore.

The Delhi government has been trying to get the Delhi DDA to partly fund Phase-III but the efforts are understood to have failed.

The Planning Commission was also of the view that DDA should partly fund Phase-III so that the debt equity ratio can be reduced to 50:50.