`Metro`s cost over-run of Phase-II Rs 1,050 cr`
Delhi Metro says the cost over-run of its Phase-II project was just Rs 1,050 crores as against the figure of Rs 10, 218 crore given by government in a reply in Parliament.
New Delhi: Delhi Metro on Thursday said the
cost over-run of its Phase-II project was just Rs 1,050 crores as against the figure of Rs 10, 218 crore given by government in a reply in Parliament.
DMRC Managing Director E Sreedharan said after approving the Phase-II at a cost of Rs 8,118 crore on August 30, 2005, the government sanctioned the Qutub Minar-Gurgaon corridor, the Central Secretariat-Badarpur corridor and sanctioned procurement of additional 128 coaches to reduce over-crowding.
"It leaves a cost over-run of only about Rs 1050 crore which was basically due to the increase in the cost of cement and steel and copper items from 2005 onwards," he said responding to a report in this regard.
However, PTI on Wednesday based its story on a written reply by Minister of State for Statistics and Programme Implementation Sriprakash Jaiswal to Rajya Sabha on Monday.
According to the reply, the Phase-II project was planned to be implemented at a cost of Rs 8,676 crore but as per revised estimates the anticipated amount is Rs 18,894.36 crore.
In percentage, the over-run is 117.78 per cent, the reply said.
But Sreedharan said that with the additional sanctions the approved cost of Delhi Metro is about Rs 15,400 crores. However, the final cost is expected to be about Rs 17,300 crores, he said.
Jaiswal said the date of commissioning of the entire Phase-II was June 2010 and the expected date is September 2010.
However, Sreedharan said the Phase-II project was to be completed by March 2011 and DMRC has been able to finish it by October 2010 itself.