DMRC established a JV between the Delhi Govt. & the Central Govt.

The Delhi Metro Rail Corporation (DMRC) was established as a JV between the Delhi Government and the Central Government in 1995 to implement the Delhi Metro rail project.

Currently, two phases of the Delhi Metro project are complete and Phase III is under construction. Delhi Metro Phase III, comprises six corridors in total length of 69.57 km to metro network with 31.11 km of elevated section and 38.46 km of underground section, entailing an investment of `35,000 crore. Underground section with extensions to existing lines as follows:

• From Anand Vihar in East Delhi to Dhaula Kuan in Southwest Delhi
• From Noida to Malviya Nagar
• Jahangirpuri to Badli
• From West Delhi's Ashok Park to Delhi Gate in Central Delhi
• Central Secretariat to Red Fort
• Mukundpur to Rajouri Garden

The project comprises total of 28 underground stations. Around 40 per cent of Phase III will be built underground and three different stretches will pass below the existing underground metro corridors in the city. The underground stretches are as follows:

• From Sarojini Nagar to INA on the Mukundpur-Yamuna Vihar corridor,
• From Indira Gandhi domestic airport to Kalkaji on the Janak Puri West to Kalindi Kunj corridor and Mandi House to ITO stretch.

Currently work on the project is in full swing, the entire project is scheduled for completion by March 2016.