Delhi to recover entire cost of Metro phase-1 by 2011

The report said the Economic Rate of Return (ERR) went up from 16.90 per cent to 19.98 in the last two years and because of it the full cost of Phase-1 will be recovered by 2011,two years earlier than anticipated by the CRRI.

If the social and economic benefits were quantified,then the value of accrued benefits of Phase 1 will become Rs 10,801.64 crore by March 2012 while the cost of construction of Phase-1 was Rs 10,571 crore,the report said.

This year alone,the Metro resulted in environmental and social benefits to the tune of 5503.83 crore.

“For instance,the annual saving on account of reduced fuel consumption will be Rs 180.89 crore in 2009,more than double from Rs 73.22 crore two years ago,” DMRC Director (Works) Mangu Singh,who piloted the study,said.

The annual vehicle (capital and operating) cost saving will almost triple from Rs 93.21 crore in 2007 to Rs 276.24 this year,the report said.

Due to increase in average speed of road vehicles,the annual cost saved by road passengers on account of the reduced travel time is around Rs 240 crore this year,it said.