Seek Help From City Government To Repay Loan: Centre To Delhi Metro

New Delhi:

The Centre has requested the Delhi Metro Rail Company to means town executive for monetary help for compensation of the cushy mortgage it had taken from Japan Global Cooperation Company (JICA) for more than a few tasks.

The DMRC had gained a complete mortgage of Rs 35,198 crore from JICA.

“We now have gained the sort of verbal exchange from the ministry lately. The similar is being tested and processed,” stated Anuj Dayal, Government Director, DMRC.

He replied to a question over reviews that the Union Ministry of Housing and City Affairs has directed all metros to write down to their respective state governments for help referring to compensation of loans taken from exterior lending businesses.

The mortgage was once given to the Delhi Metro at a concessional interest rate various from 1.2 consistent with cent to two.three consistent with cent, and was once repayable in 30 years with a moratorium of 10 years.

Until now, the DMRC has repaid Rs three,337 crore to JICA, and the steadiness legal responsibility was once of Rs 31,861 crore.

Delhi Metro operations were closed for the general public since March 22 in view of the COVID-19 pandemic and measures taken to curb the unfold of the illness.

This closure of products and services prior to now few months has ended in a loss in earnings for the city transporter price round Rs 1,300 crore.

On Friday, resources stated, the DMRC has now not but approached the Delhi executive at the mortgage factor.

For monetary yr 2020-21, DMRC is needed to pay Rs 1,242.83 crore (Rs 434.15 crore hobby and Rs 808.68 crore major) to the Centre against JICA mortgage for the mortgage.

The DMRC has paid Rs 79.19 crore as a result of hobby all the way through this yr, and a steadiness of Rs 1,163.64 crore (Rs 354.96 cr hobby and Rs 808.68 cr major) is but to be paid all the way through the present monetary yr, resources stated.