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When will the Metro run? Delhi Metro suffered major loss during Coronavirus lockdown

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Delhi Metro has been closed since the end of March, facing an economic crisis, has knocked on the door of the Central Government for help.

Inside:
  • DMRC has to pay Rs 1,242.8 crore in FY 2020-21
  • 434.1 crore interest and Rs 808.7 crore principal money is in this amount
  • DMRC has taken a loan of Rs 35,198 crore from Japan International Cooperation Agency for 30 years

Due to Coronavirus infection, Delhi Metro has been closed since the end of March. In such a situation, on July 22, it has been a full 4 months of the running of metro trains, due to which the Delhi Metro Rail Corporation has suffered a huge economic loss.

This is the reason that this will be the first time for DMRC in about 20 years when it will not be able to deposit the loan of Rs 35,198 crore. In such a situation, DMRC, facing an economic crisis, has knocked on the door of the Central Government for help. It is being told that there has been a demand from the DMRC to extend the time of one year to repay the loan installments.

Why is DMRC worried now?

Here, let us tell you that DMRC has taken this huge loan of Rs 35,198 crore from Japan International Cooperation Agency for construction works. DMRC has been paying the installments on this loan on time. According to the Metro spokesperson, the DMRC will get relief from this if the time limit for repayment of loan installments is extended by one year. Now the hope of the Delhi Metro rests on the central government.

According to the information received, due to the havoc of Corona, Metro services in Delhi-NCR have been closed since 22 March. According to an estimate, the Delhi Metro, which makes around 4000 trips per day, has lost Rs 1200 crore during the last 4 months. This loss continues to increase daily.

  • Japan International Cooperation Agency has given loans to Delhi Metro Rail Corporation for 30 years. The loan is available at a concessional rate of 1.2 percent to 2.30 percent on a huge amount of Rs 35,198 crore. It also includes a moratorium period of 10 years.
  • According to Metro sources, the first installment of the loan was received in 1997 and its payment started in 2007.
  • DMRC has paid Rs 337 crores till now. Simultaneously, loans have been taken from JICA for other projects, which are worth thousands of crores.

Metro employees are constantly providing services, everyone is getting a salary

In June, all Metro employees were called back to work, when it was expected that the services of Metro trains would resume, but this did not happen. Despite this, DMRC is giving salary to its 10,000 employees. The DMRC currently employs over 389 km of network and a total of 285 stations. Even the operation did not have problems, so the daily Delhi Metro is traveling once a day without the passengers.

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