Metro Rail News Online

New Delhi: The introduction of GST has made difficulty for the Delhi government to buy new metro coaches as it will have to shell out more money as compared to the centre. Delhi metro proposed to procure 582 coaches with Delhi government for 17 months but now they have piped down it’s demand for 164 coaches. So now the Delhi Metro Rail Corporation (DMRC) has sent the fresh proposal to the Delhi and the state government as both the government’s are the equal shareholders in the corporation. The Delhi Metro Rail Corporation (DMRC) director SD Sharma says wrote to the city’s transport department on June 9 that “metro will incur the costs of procurement on it’s own through ‘external borrowings’ and ‘internal accurals’. Metro originally proposed for 582 coaches to Delhi government on January 11, 2017. But after the launch of magenta line and the rise in commuters it led to more coaches. Due to the delay on the part of the city governmen...

New Delhi: The Delhi Metro Rail Corporation (DMRC) has floated a tender to deploy 25 trains, each with six coaches, under lease, have come one step closer to reality, and the entity received 11 expressions of interest (EoI) of six possible financiers. and five possible manufacturers of rolling stock. They are willing to sign a tripartite agreement with DMRC to manufacture, finance and lease buses for a period of 30 years. This lease proposal is based on a new public-private partnership (PPP) model, which Indian Railways is testing for the first time. Invest India, created under the Department of Industrial Policy and Promotion (DIPP), analyzed metro systems around the world before recommending the hire of buses under the PPP model to the DMRC. These models to finance and hire trainers exist in Australia, the United Kingdom and throughout Europe. The advantage of the leasing model is that the DMRC will not have to make an initial capital investment or incur any maintenance costs during...