The Japan International Cooperation Agency (JICA) has approved a soft loan of INR79.9 billion ($1.4 billion/RM4.29 billion) to the Indian government for the implementation of Delhi Metro III project.
Phase III of the Delhi Metro project involves construction of a 104km line. The loan has a 30-year maturity period and 10-year grace period. The loan carries an interest of 1.40%.
The phase III network will have five corridors, Mukundpur to Yamuna Vihar, Janakpur West to Kalandikunj, Central West to Kalandikunj, Central Secretariat to Kashmere Gate and Jahangirpuri to Badli.
There will be a total of 67 stations with 15 inter-change points in the network. The project is expected to be competed by March 2016. With the completion of phase III, the estimated ridership of Delhi Metro will be 39.50 lakh (3.95 million) in 2016, 48.32 lakh (4.832 million) in 2021 and 65.62 lakh (6.562 million) in 2031.
In addition to the recent loan, the nation anticipates JICA to further provide more than INR140 billion ($2.76 billion/ RM 8.45 billion) for phase III of the project. The agency also provided funds for the development of Delhi Metro I and II.
The Central government will provide about INR75 billion ($1.47 billion/ RM4.5 billion) and Delhi state government will provide remaining INR51 billion ($1 billion/RM 3,061,600,000), in the form interest free subordinate loans for land acquisition, for the project.
Delhi Metro Rail Corporation (DMRC) was established by the Government of India and the Government of Delhi in March 1995 to build a new metro system in the capital. The project is being carried out in phases – Phase I (67.5m) and Phase II (125km) have been completed.
The Japan International Cooperation Agency provided ¥212 billion ($2.72 billion/RM 8.328 billion) in funding for Phase II.
Delhi Metro was designed to be integrated with other public transport and DMRC signed an agreement with bus operator Delhi Transport Corporation (DTC) to integrate management and through-ticketing.
However, limited take-up has led DMRC itself to supply around 200 buses of a quality consistent with Metro operations to work feeder routes to stations.
Selected private bus operators will pay back DMRC over five years. There are 18 designated parking sites at Metro stations to further encourage use of the system.
In March 2010, DMRC partnered with Google India (through Google Transit) to provide train schedule and route information to mobile devices with Google Maps.
This free service will allow the commuters to get the latest service information and plan their journeys.
Delhi Metro has a fleet of 280 coaches, which DMRC runs as 70 trains every day. Each train can accommodate about 1,500 people, 240 seated.
Although the system operated at below projected passenger levels in 2007, partly ascribed to train capacity proving lower than anticipated, it has achieved an operating profit.
About 850,000 people used the Metro in 2008. It carries 5% of the city’s commuters, and the project is not only meeting its aims in terms of attracting former road users and reducing road casualties, but it is stimulating economic development near to stations. Low-cost cycle hire and a secure parking trial has been launched to further reduce road use.
Phase III and IV extensions, which will expand the network to 413.8km, are scheduled to open in 2016 and 2020 respectively.
Phase III was approved in August 2011. It involves construction of 108km line with 67 stations and 15 interchange points. It is scheduled to be completed by 2016, carry about 3.9 million passengers and cost about Rs300 billion ($567.82 million/RM1.738 million).
In addition to the expansions planned in these four phases, a new line is being constructed to link Noida Sector 62 and Greater Noida. It will cross the Indraprastha- Noida Sector 32 line.
The Ghaziabad Development Authority also has plans for a fifth phase, which could extend the Vaishali line to Mehrauli via Indirapuram (Ghaziabad).
A welcome part of the system for overseas visitors is the 19.5km extension to Indira Gandhi International Airport.
Journey times to the centre are cut to 16 minutes from the present one hour by road. The 135km/h (84mph) link will be extended as the airport adds new terminal facilities.
The first construction contracts, covering 7.5km of line, were awarded to Alpine-Samsung-HCC and Afcons in October 2007.
Delhi Metro is thought to have inspired greater support for mass transit systems; India has many projects now in the planning stage.
Source : World Construction Network, Railway Technology and IBN
(this article written for 1BINA.my)