The DMRC is however refraining from carrying any work other than the projects earmarked for phase II, as it would mean spending crores of money over an above the sum earmarked for phase II.
It will start repaying the loan of the Japan Bank for International Cooperation (JBIC) from next year onwards. Another problem officials of DMRC envisage is time constraint.
The corporation in order to complete so many projects in just four years may end up exceeding the deadline.
Then that would be an aberration in the DMRCs excellent record, as it has always met the deadlines.
Speaking to FE, DMRC managing director E Sreedharan said, The Delhi government has approached us with the proposal to accommodate some of the phase III projects in phase II, but we have to carefully scrutinize the projects to test their feasibility. It may be done, provided we have both time and money to commission them.
Currently, DMRC claims of making operation profits and being well in shape to start repaying the Rs 6000 crore loan to JBIC from next year onwards.
The second phase on which the DMRC has already started work includes Delhi University - Jahangirpuri, Central Secretariat - Qutab Minar, IP Yamuna Depot- New Ashok Nagar and Kirti Nagar - Mundka.
The longest stretch is from Kirti Nagar to Mundka, which will be 18.47 km.