Lok Sabha Question No. 1634 (UNSTARRED), answered on 2018-03-06
Subject: Funding for Metro Rail Projects
Ministry: HOUSING AND URBAN AFFAIRS
Asked by: RAJESHBHAI NARANBHAI CHUDASAMA, BHARAT SINGH, GOWDAR MALLIKARJUNAPPA SIDDESHWARA, AJAY (TENI) MISRA

## GOVERNMENT OF INDIA

## MINISTRY OF HOUSING AND URBAN AFFAIRS LOK SABHA

UNSTARRED QUESTION NO. 1634

TO BE ANSWERED ON MARCH 6, 2018

FUNDING FOR METRO RAIL PROJECTS

No. 1634   SHRI RAJESHBHAI CHUDASAMA:

SHRI BHARAT SINGH:

SHRI G.M.SIDDESHWARA:

SHRI AJAY MISHRA TENI:

Will the Minister of HOUSING AND URBAN AFFAIRS be pleased to state:

- (a) the  names  of  cities  in  which  the  Government  proposes  to  start metro rail services in the country along with the status thereof, State-wise including Gujarat, Karnataka and Uttar Pradesh;
- (b) whether  the  Government  has  finalized  the  funding  of  the  metro rail  projects  in  various  states  and  if  so,  the  broad  terms  of  its
- repayment;
- (c) the  names  of  cities  where  construction  work  for  running  metro rail services is being undertaken and the time by which the same
- is likely to be completed;
- (d) the time by which the construction work for metro rail is likely to be  started  in  the  remaining  cities,  state-wise  including  Uttar Pradesh; and
- (e) the  details  of  funds  allocated  by  the  Government  for  metro  rail projects during the last three years, state - wise?

## ANSWER

## THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF HOUSING AND URBAN AFFAIRS (SHRI HARDEEP SINGH PURI)

- (a)    Urban transport, which is an integral part of urban development, is  a  state  subject.  Hence,  the  respective  state  government's  one responsible for initiating and developing urban transport infrastructure including  metro  rail  projects.    The  Central  Government  considers financial assistance for metro  rail proposals in cities or urban agglomerates, on  the  basis  of  the  feasibility  of  the  proposal  and availability  of  resources,  as  and  when  posed  by  the  concerned  state governments. (b) The metro rail projects which are 50:50 joint ventures of
- Government  of  India  and  respective  state  government  are  funded through  equity/grant,  subordinate  debt  (interest  free)  and  sovereign loans.  Equity  and  grant  are  not  repayable.  Subordinate  debt  is  repaid after the full repayment of sovereign loan. The sovereign loan is repaid

by Special Purpose Vehicle (SPV) over a period of 15 to 30 years after the  moratorium  period  which  could  vary  from  four  to  ten  years.    The interest  rate  of  sovereign  loan  is  based  on  six-monthly  Euribor  (Euro Interbank Offered Rate) for development banks in Europe, six-monthly LIBOR  (London  interbank  offered  rate)  for  multilateral  development banks and from 1 to 2.4 % for Japan International Cooperation Agency (JICA).

(c)  The  details  of  cities  and  completion  date  of  under  construction metro  rail  projects  which  are  50:50  joint  ventures  of  Government  of India and respective state government are given in Annexure-I.

(d) Does not arise in view of (a) above.

(e) The details of funds released by Government of India for metro rail projects  which  are  50:50  joint  ventures  of  Government  of  India  and respective state government, during the last three years, state - wise are given in Annexure-II.

*******

## Annexure-I

ANNEXURE  REFERRED  TO  IN  REPLY  TO  PART  (c)  OF  THE  LOK  SABHA QUESTION NO 1634 FOR ANSWER ON 06.03.2018 REGARDING FUNDING FOR METRO  RAIL  PROJECTS  ASKED  BY  SHRI  RAJESHBHAI  CHUDASAMA,  SHRI BHARAT SINGH, SHRI G.M.SIDDESHWARA AND SHRI AJAY MISHRA TENI.

DETAILS  OF  CITIES  AND  COMPLETION  DATE  OF  UNDER  CONSTRUCTION METRO RAIL PROJECTS WHICH ARE 50:50 JOINT VENTURES OF GOVERNMENT OF INDIA AND RESPECTIVE STATE GOVERNMENT

| PROJECT/CITIES                                      | EXPECTED COMPLETION DATE       |
|-----------------------------------------------------|--------------------------------|
| Delhi Metro Phase- III & Extension                  | December - 2018 (in stretches) |
| Dwarka to Najafgarh                                 | December - 2018 (in stretches) |
| Yamuna Vihar to Shiv Vihar                          | December - 2018 (in stretches) |
| Extension of Najafgarh - Dhansa Bus Stand           | December- 2020                 |
| Mundka to Bahadurgarh                               | March-2018                     |
| Extension from YMCA Chowk, Faridabad to Ballabhgarh | June-2018                      |
| Mumbai Metro Line 3                                 | December-2021                  |
| Pune Metro Rail Project Phase-I                     | December-2021                  |
| Nagpur Metro Rail Project                           | March-2018                     |
| Bangalore Metro Rail Project Phase- II              | March-2021                     |
| Kochi Metro Rail Project                            | December-2019                  |
| Chennai Metro Phase-1                               | December-2018                  |
| Chennai Extension Metro Rail Project                | March-2018                     |
| Ahmadabad Metro Rail Project                        | July,2020                      |
| Lucknow Metro Rail Project                          | April-2019                     |
| Noida - Greater Noida                               | June-2018                      |

Annexure-II

ANNEXURE  REFERRED  TO  IN  REPLY  TO  PART  (e)  OF  THE  LOK  SABHA QUESTION NO 1634 FOR ANSWER ON 06.03.2018 REGARDING FUNDING FOR METRO  RAIL  PROJECTS  ASKED  BY  SHRI  RAJESHBHAI  CHUDASAMA,  SHRI BHARAT SINGH, SHRI G.M.SIDDESHWARA AND SHRI AJAY MISHRA TENI.

DETAILS OF FUNDS RELEASED BY THE GOVERNMENT of INDIA FOR METRO RAIL  PROJECTS  WHICH  ARE  50:50  JOINT  VENTURES  OF  GOVERNMENT  OF INDIA AND RESPECTIVE STATE GOVERNMENT

(RS. IN CRORE)

| STATE/UT      | PROJECT                                                |   FUNDS RELEASED** IN 2014-2015 |   FUNDS RELEASED** IN 2015-16 |   FUNDS RELEASED** IN 2016-17 |
|---------------|--------------------------------------------------------|---------------------------------|-------------------------------|-------------------------------|
| Delhi &NCR    | Delhi Metro Rail Project                               |                         3202.51 |                       4857.54 |                       9009.43 |
| Maharashtra   | Mumbai Metro Line -III                                 |                            0    |                        173.56 |                       1109    |
| Maharashtra   | Pune Metro Rail project                                |                            0    |                          0    |                         10    |
| Maharashtra   | Nagpur Metro Rail Project                              |                            0.5  |                         84.47 |                        603    |
| Karnataka     | Bangalore Metro Rail Project Phase 1 & 2               |                         1371.87 |                       1245.79 |                        667.17 |
| Kerala        | Kochi Metro Rail Ltd.                                  |                          540.99 |                        643.96 |                        634    |
| Tamil Nadu    | Chennai Metro Rail Project Phase-1 including extension |                         1006.8  |                       1773.59 |                       1585.01 |
| Gujarat       | Ahmadabad Metro Rail Project Phase-1                   |                            0    |                        366.26 |                        541    |
| Uttar Pradesh | Lucknow Metro Project                                  |                            0    |                        140.92 |                       1140    |
|               | TOTAL                                                  |                         6122.67 |                       9286.09 |                      15298.6  |

** Includes Equity, Subordinate Debt, Grant and Pass through Assistance;