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Search assist from Delhi govt to repay mortgage: Centre to DMRC – delhi information


The Centre has requested the Delhi Metro Rail Company to method the town authorities for monetary help for reimbursement of the smooth mortgage it had taken from Japan Worldwide Cooperation Company (JICA) for varied initiatives.

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

“We have now obtained such a communication from the ministry just lately. The identical is being examined and processed,” mentioned Anuj Dayal, Government Director, DMRC.

He responded to a question over reviews that the Union Ministry of Housing and City Affairs has directed all metros to put in writing to their respective state governments for help concerning reimbursement of loans taken from exterior lending companies.

The mortgage was given to the Delhi Metro at a concessional price of curiosity various from 1.2 per cent to 2.Three per cent, and was repayable in 30 years with a moratorium of 10 years.

Until now, the DMRC has repaid Rs 3,337 crore to JICA, and the stability legal responsibility was of Rs 31,861 crore.

Delhi Metro operations have been 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 providers up to now few months has led to a loss in income for the city transporter price round Rs 1,300 crore.

On Friday, sources mentioned, the DMRC has not but approached the Delhi authorities on the mortgage difficulty.

For monetary yr 2020-21, DMRC is required to pay Rs 1,242.83 crore (Rs 434.15 crore curiosity and Rs 808.68 crore principal) to the Centre in the direction of JICA mortgage for the mortgage.

The DMRC has paid Rs 79.19 crore on account of curiosity throughout this yr, and a stability of Rs 1,163.64 crore (Rs 354.96 cr curiosity and Rs 808.68 cr principal) is but to be paid in the course of the present monetary yr, sources mentioned.

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