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maintenance of BRT corridor and other related projects.
The BRT corridor project in South Delhi has faced flak since its inception. In a report last year, the Central Road Research Institute favoured dismantling it.
DIMTS was incorporated in April 2006 as a fully owned Special Purpose Vehicle (SPV) of the Delhi government. Later in June 2007, DIMTS became a joint venture of Delhi government and IDFC with each holding 50 per cent of the shares.
Both entities had invested Rs 7.3 crore each leading to a total paid up capital of Rs 14.6 crore. Delhi government and IDFC each haVE an equal number of directors on the DIMTS Board, chaired by the chief secretary.
It had a turnover of Rs 79.54 crore during 2012-13 and a turnover of around Rs 70 crore is projected during the current financial year.