Metro Rail News Online

Hyderabad: One month after its launch, the Hyderabad Metro Rail project is still stabilizing in its first phase of operation, but the administration is already preparing funds for further development. The administration is near an agreement with the German development bank KfW for a loan of Rs 1,000 crore for urban rejuvenation along with the rail metro project. “We are in talks with the German Development Bank KfW to raise around Rs. 1,000 crore for the urban rejuvenation project, without a high interest burden, say less than 2%, and a long repayment period.”, NVS Reddy said. Hyderabad Metro Rail The initial negotiations have been completed and it is expected that a detailed project report (DPR) will be ready soon. The funds will be used for urban rejuvenation activities, including the installation of sidewalks, rails, FOB and other services after the construction of the subway, Reddy added. Media had previously reported that talks were also held with the Japan Internatio...

Chennai: Coimbatore is getting ready to realise its Metro dream as Chennai Metro Rail is likely to take up the task to conduct a feasibility study and prepare a detailed project report on the mass transit system in the Manchester of South India. It is learnt that the 10-month study which includes preparing a feasibility report and a detailed project report would cost around Rs13 crore. Sources told Express that German Funding Agency KfW has expressed interest in providing 12.5 million euros to conduct the study and the balance amount will be paid by the State government. The move comes after Chief Minister Edapaddi K Palaniswami made an announcement in the  Assembly to introduce the Metro Rail project in Coimbatore city . The need for a mass transit system in Coimbatore is stressed, taking into account the growing population of Coimbatore which is expected to grow up to 27.7 lakh by 2033. It is learnt that 136 km of Mass Transit Network identified by Comprehensive Mobility Plan (C...