Delhi Metro
EXECUTIVE SUMMARY
Objective: To study the financial aspects of Delhi Metro Rail Corporation.
Rationale: Metro rail service in Delhi has come as a much awaited gift for the people of Delhi, which has indeed changed the transport facility of the city. It has become the "life line" of Delhi as people are dependent on Delhi Metro for commuting to different places within the city. Delhi Metro Project has been recognized all over the world for its specialty in terms of a hi-tech rail, better equipped transport system and punctuality. The project is under the Delhi Metro Rail Corporation, DMRC and it deserves all the credit for transforming the transport service of the city.
The report starts with the introduction of Delhi metro & man behind the success of this project and gives various details of the project. It talks about the unmatched standards, whether be it the speed with which Phase 1 of the metro was completed, or the minimum disturbances that were there on the roads when the construction was being carried out DMRC officials set standards with whatever they did. In addition the company exercised strict control over its expenses. Officials point out that Sreedharan stipulated that the standards to be maintained in accordance with the international standards. It also talks about the various phases of the DMRC, their cost and sources of funds. It also talks about the financial aspect of DMRC which include the capital cost, O & M cost, labour cost and the revenues and their sources. Future expected revenue earnings of the Delhi Metro Rail Corp (DMRC) are likely to touch Rs.21 billion ($500 million) in the next three years, an increase of 194 percent, said an industry body report. In the last but not the least it also includes the other social and economical benefits derived from the project. According to a recent study conducted by the Central Road Research Institute (CRRI), these benefits will help recover the full cost of Phase I by 2013.
RESEARCH METHODOLOGY
Objective: To study the financial aspects of Delhi Metro Rail Corporation.
Rationale: Metro rail service in Delhi has come as a much awaited gift for the people of Delhi, which has indeed changed the transport facility of the city. It has become the "life line" of Delhi as people are dependent on Delhi Metro for commuting to different places within the city. Delhi Metro Project has been recognized all over the world for its specialty in terms of a hi-tech rail, better equipped transport system and punctuality. The project is under the Delhi Metro Rail Corporation, DMRC and it deserves all the credit for transforming the transport service of the city.
The report starts with the introduction of Delhi metro & man behind the success of this project and gives various details of the project. It talks about the unmatched standards, whether be it the speed with which Phase 1 of the metro was completed, or the minimum disturbances that were there on the roads when the construction was being carried out DMRC officials set standards with whatever they did. In addition the company exercised strict control over its expenses. Officials point out that Sreedharan stipulated that the standards to be maintained in accordance with the international standards. It also talks about the various phases of the DMRC, their cost and sources of funds. It also talks about the financial aspect of DMRC which include the capital cost, O & M cost, labour cost and the revenues and their sources. Future expected revenue earnings of the Delhi Metro Rail Corp (DMRC) are likely to touch Rs.21 billion ($500 million) in the next three years, an increase of 194 percent, said an industry body report. In the last but not the least it also includes the other social and economical benefits derived from the project. According to a recent study conducted by the Central Road Research Institute (CRRI), these benefits will help recover the full cost of Phase I by 2013.
RESEARCH METHODOLOGY
Bibliography: • www.indiastat.com • http://delhigovt.nic.in/dmrc.asp • http://www.delhimetrorail.com • Articles • Various White Papers ----------------------- 13 29