Centre-Delhi government tussle on Metro Phase-IV over condition on loss sharing


Centre-Delhi government tussle on Metro Phase-IV over condition on loss sharing

A fresh tussle between the Centre and Delhi government appears to be brewing after the AAP dispensation imposed a condition of 50-50 percent operational loss sharing while giving approval to the Phase-IV of Delhi Metro.

Though Union Housing and Urban Affairs Ministry officials said it is examining the condition that the Centre equally share any operational loss with the AAP government, they asserted that it was a state subject and that other states may raise similar demands.

Earlier this month, the Arvind Kejriwal Government had approved the much-awaited Phase-IV of the Delhi Metro Rail Corporation (DMRC).

An official of the ministry said Delhi government has also put a condition in its approval that it will not have any liability on loan provided by Japan International Cooperation Agency (JICA) to fund the project. Read More

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