Vijayawada, Dec 16 (UNI) Delhi Metro Rail Corporation (DRMC) Managing Director E Sridharan today said the ongoing second phase of the project will be completed by 2010.
Speaking after receiving the 18th Dr Pinnamaneni and Smt Sitadevi Foundation Award here, the 'architect' of the DRMC and the Konkan Railway said the first phase of the project in 65 kms was completed before schedule. ''It was completed in over seven years as against the scheduled time frame of 10 years,'' he said.
The second phase, entailing Rs 11,000 crore, would have 35 under ground tunnels.
''The project is being taken up with the collaboration of the Government of Japan. The Bank of Japan has extended 60 per cent of the project cost as loan,'' he added.
In the National Capital, with seven lakh daily commuters, a metro train was abailable in every three minutes as the DRMC was running 700 services daily, a proud Sreedharan said.
The Corporation was taking steps to connect Delhi International Airport with metro rail services to reduce the time requirement from one-hour-16 minutes by road to just 16 minutes.
The Padmasree awardee said many state governments had taken up metro projects in Hyderabad, Bangalore, Kochi and Pune similar to Delhi Metro.
Asian countries like Indonesia and Sri Lanka were in touch with the DRMC to start such projects.
Mr Sridharan has been selected for the award ''in recognition of his services for executing several railway projects during his distinguished career spanning over 36 years in the Indian Railways.'' The award carries a purse of Rs two lakh and a citation.