Tag Archives: funding

Delhi government’s demand rejected from the centre

The Delhi Metro’s proposed 104 km Phase IV network for six new lines is delayed because of differences between the Centre and the city’s Aam Aadmi Party (AAP) government over the funding mechanism.

The city government approved the ~50,000-crore project this January but sought exemption from paying its share of the subordinate debt for central taxes that amounts to ~3,098 crore. Or, it wanted Delhi’s share of state taxes for the project written off. Continue reading

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