Dhansa Bus Stand in the national capital will be connected by Delhi Metro in the next three years with the Union Government granting approval to the 1.18 km underground metro extension from Najafgarh at a cost of Rs. 565 crore.
The extension is scheduled for completion by Delhi Metro Rail Corporation (DMRC) by 2020, an official press release said.
Of the total cost of the project, the Central government will bear Rs. 107 crore in the form of 50% equity (Rs.75.50 crore) and subordinate debt.
Japanese International Cooperation Agency (JICA) will provide Rs. 323 crore while the rest will be borne by the Government of National Capital Territory of Delhi including equity (Rs. 75.50 crore) and subordinate debt, the release said.
The Najafgarh-Dhansa Bus Stand metro extension is expected to serve the travel needs of an additional 10,000 passengers per day catering to the needs of people of Nangloi, Dhansa, Bahadurgarh and the adjoining areas.
As per 2016 estimates, 3.61 lakh vehicle trips are generated at Najafgarh. Since the area between Najafgarh and Dhansa is densely populated with substantial built-up areas, the extension to Dhansa Bus Stand has been made underground.
The 4.50 km Dwarka – Najafgarh metro section, approved in September, 2012 is likely to be completed by December this year.
Work on Najafgarh-Dhansa Bus Stand extension is likely to start in July this year since the line alignment survey has already been completed and tenders called for, the release added.