Metro Rail News Online

New Delhi: Recently Japan International Corporation Agency (JICA) has refused to lend money to buy new metro coaches. As per Delhi Metro Rail Corporation (DMRC) at initial stage there is a need for installation of 156 metro coaches. In order to purchase these metro coaches the total estimated cost is Rs 1,958 crore, as per official record. According to official report when DMRC asked JICA for the loan purchase for 156 metro coaches, JICA did not given any response now it will demand a loan from the NCR Planning Board. In order to have NCR approval, it is necessary to get approval from the DMRC Board and Delhi Government cabinet. When on January 15, 2018, proposal for metro coaches was sent to Delhi Government and Central Housing and Urban Development Ministry for additional 200 metro coaches. When the proposal was reviewed was found that there is need of 120 broad-gauge metro coaches were required to convert the metro trains of line 1, 2, 3 and 4 into those with 8 coaches. And in addi...

Ahmedabad: The ongoing land row has become a major road block for the ambitious Ahmedabad-Mumbai bullet train . As per sources Japan has not released second phase of funds with news on land acquisition issues doing rounds. The protest is causing a major hurdle and Japan International Cooperation Agency (JICA) has not released latest installment. JICA is funding agency and it has stopped payments with no evident progress in resolving land acquisition controversy. According to sources in Gujarat government, JICA’s funds for last quarter have not been disbursed. The source, a senior state official shared on grounds of anonymity that as per the payment agreement funds will flow if work is going as per plans. With issues arising in Gujarat and Maharashtra over land, things have reached stalemate.  The first instalment of Rs 125 crore was made during Japan’s Prime Minister visit to Gujarat in September last year. The official also added that next instalment will be made whe...

Kolkata: Japan International Cooperation Agency (JICA), the funding agency of the East-West Metro project, has approved Rs 800 crore for the 1.878km extra length of the corridor on its realigned route. The latest decision is a marked deviation from JICA’s earlier stand, when the agency had... Click here to see more https://goo.gl/kivWrU