Metro Rail News Online

The Government of India has made Public-Private Partnership (PPP) component mandatory for states for availing central assistance of new metro projects as part of its New Metro Rail Policy, 2017. Private investment and other innovative forms of financing of metro projects have been made compulsory to meet the huge resource demand for capital intensive high capacity metro projects. As per the Metro Policy, “Private participation either for complete provision of metro rail or for some unbundled components (like Automatic Fare Collection, Operation & Maintenance of services etc) will form an essential requirement for all metro rail projects seeking central financial assistance”. This development has raised the question whether PPP model can be successful for metro rail projects in India. The PPP model as a part of the New Metro Policy aims at lessening the burden on the Central government in funding metro projects. This is not the first time that the PPP model has been...

Pune: After introduction of new Metro Rail Policy and reviewing the proposal submitted by the state, the Central government on Wednesday, approved long awaited metro corridor between Shivajinagar and Hinjewadi in Pune on a public private partnership (PPP) basis. “The nod has been received for the Hinjewadi-Shivajinagar Metro corridor by the Central government and they have approved Rs.1,300 crore as viability gap funding for the same. The Maharashtra government had already cleared this project which will be executed by the PMRDA”, Chief Executive Officer (CEO) of PMRDA Kiran Gitte said. He further said that the secretary of economic affairs, officers from the urban development department, Niti Aayog , department of finance and other ministries were present at a meeting, along with PMRDA officials, to clear the project. Now PMRDA will be able to start administrative work and the tendering process. Maharashtra Chief minister Devendra Fadnavis is being seen as the drivi...

Pune: After introduction of new Metro Rail Policy and reviewing the proposal submitted by the state, the Central government on Wednesday, approved long awaited metro corridor between Shivajinagar and Hinjewadi in Pune on a public private partnership (PPP) basis. “The nod has been received for the Hinjewadi-Shivajinagar Metro corridor by the Central government and they have approved Rs.1,300 crore as viability gap funding for the same. The Maharashtra government had already cleared this project which will be executed by the PMRDA”, Chief Executive Officer (CEO) of PMRDA Kiran Gitte said. He further said that the secretary of economic affairs, officers from the urban development department, Niti Aayog , department of finance and other ministries were present at a meeting, along with PMRDA officials, to clear the project. Now PMRDA will be able to start administrative work and the tendering process. Maharashtra Chief minister Devendra Fadnavis is being seen as the drivi...