India, April 5 -- New Delhi

The Delhi Metro Rail Corporation (DMRC) received its first loan tranche of Rs.4,309.53 crore from the Japan International Cooperation Agency (JICA) to commence tendering work on three corridors of the Metro Phase-4 - Inderlok to Indraprastha, Saket G Block to Lajpat Nagar and Rithala - Narela - Nathupur- officials aware of the matter said on Friday.

In all, the Phase-4 project requires Rs.14,600 crore, of which JICA will provide Rs.6,252.91 crore, while the rest will be borne equally by the Centre and the Delhi government, they said.

"DMRC has now achieved financial closure for the three remaining corridors of Phase 4 with the signing of the first tranche of loan agreement between Government of India and JIC...