Union Finance Minister Nirmala Sitharaman has has presented the Union Finance Budget in the Lower House of Parliament and also allocated a total of `19,518 crore to all metro projects across India for 2023-24.
However, the revised Budget estimates for the same for 2022-23 was `15,628 crore, according to Budget documents. In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro’s alone, a senior official at the Delhi Metro said.
The outlay for this year includes equity investment of `4,471 crore, subordinate debt ` 1,324 crore and pass through assistance of `13,723 crore. The Centre has allocated Rs 3,596 crore to the National Capital Region Transport Corporation (NCRTC)
