Metro Rail News Online

New Delhi: The government has outlined big plans for metro rail projects in India, but the latest Union Budget does not reflect this. Allocations made in Union Budget 2018 for the metro rail projects are at a three-year low of Rs 15,000 crore. As per the statistics, in 2016-17 Rs 15,327 crore (actual) was spent on metro projects and Mass Rapid Transit System, the following year in 2017-18 Rs 18,000 crore was allocated and revised estimates remain unchanged. “ Metro Rail Policy, 2017 makes private sector participation mandatory, which is a big change. This change will be a catalyst for creating the right models to attract investment from the private players. This also helps the government in reducing their outlay,” said Rajaji Meshram, Director, Infrastructure, KPMG India. For example, recently Delhi Metro received bids for rolling stock of 25 trains on a lease basis from manufacturers. Similarly, Kochi Metro wants a Public-Private Partnership (PPP) model for ticketing wi...

New Delhi: The government has outlined big plans for metro rail projects in India, but the latest Union Budget does not reflect this. Allocations made in Union Budget 2018 for the metro rail projects are at a three-year low of Rs 15,000 crore. As per the statistics, in 2016-17 Rs 15,327 crore (actual) was spent on metro projects and Mass Rapid Transit System, the following year in 2017-18 Rs 18,000 crore was allocated and revised estimates remain unchanged. “ Metro Rail Policy, 2017 makes private sector participation mandatory, which is a big change. This change will be a catalyst for creating the right models to attract investment from the private players. This also helps the government in reducing their outlay,” said Rajaji Meshram, Director, Infrastructure, KPMG India. For example, recently Delhi Metro received bids for rolling stock of 25 trains on a lease basis from manufacturers. Similarly, Kochi Metro wants a Public-Private Partnership (PPP) model for ticketing wi...

New Delhi: The Mumbai-Ahmedabad bullet train project has got a Rs 7000-crore boost, showed Budget documents released on Tuesday. The Finance ministry has set aside the amount for the high-speed corridor, which until now had remained only on paper. The estimated cost of the project is Rs 1 lakh crore. The 508-km-long corridor being implemented by the High Speed Rail Corporation Limited . Last year there was no allocation made in the budget. The Bullet train is expected to cut travel time between the two cities from seven hours to close to three hours. It will run at speeds of 350 kmph with an average speed of 320 kmph. It will stop at 12 railway stations on the route. In September last year, India and Japan signed a memorandum of understanding for this big-ticket project for which Japan will lend nearly nearly Rs 88,000 crore at 0.1 per cent interest. The train will begin from Bandra Kurla Complex where it is expected to be closely connected with the metro rail having its route there. ...

New Delhi: The Mumbai-Ahmedabad bullet train project has got a Rs 7000-crore boost, showed Budget documents released on Tuesday. The Finance ministry has set aside the amount for the high-speed corridor, which until now had remained only on paper. The estimated cost of the project is Rs 1 lakh crore. The 508-km-long corridor being implemented by the High Speed Rail Corporation Limited . Last year there was no allocation made in the budget. The Bullet train is expected to cut travel time between the two cities from seven hours to close to three hours. It will run at speeds of 350 kmph with an average speed of 320 kmph. It will stop at 12 railway stations on the route. In September last year, India and Japan signed a memorandum of understanding for this big-ticket project for which Japan will lend nearly nearly Rs 88,000 crore at 0.1 per cent interest. The train will begin from Bandra Kurla Complex where it is expected to be closely connected with the metro rail having its route there. ...

New Delhi: Despite the larger belief being that the main focus of the Union Budget 2018-19 was on the agricultural economy, the infrastructure sector remained the single largest target area for Finance Minister Arun Jaitley, who termed it the “growth driver of economy” while announcing an “all-time high allocation to rail and road sectors”. Here are the highlights of the Union Budget 2018 in view of railway projects in India:- ₹1.48 lakh crore has been allocated to as railway capital expenditure for Financial Year 2018-19. Most of this money will be spent on capacity expansion, since it is a priority for the national transporter. About 18,000 km of rail lines will be doubled and gauge conversion is underway to eliminate capacity constraints. 36,000 km of rail track renewal has been targeted in the coming year while 4,267 unmanned railway crossings on broad gauge routes are to be eliminated in the next two years. A new institute will be set up at Vadodara to...

New Delhi: Despite the larger belief being that the main focus of the Union Budget 2018-19 was on the agricultural economy, the infrastructure sector remained the single largest target area for Finance Minister Arun Jaitley, who termed it the “growth driver of economy” while announcing an “all-time high allocation to rail and road sectors”. Here are the highlights of the Union Budget 2018 in view of railway projects in India:- ₹1.48 lakh crore has been allocated to as railway capital expenditure for Financial Year 2018-19. Most of this money will be spent on capacity expansion, since it is a priority for the national transporter. About 18,000 km of rail lines will be doubled and gauge conversion is underway to eliminate capacity constraints. 36,000 km of rail track renewal has been targeted in the coming year while 4,267 unmanned railway crossings on broad gauge routes are to be eliminated in the next two years. A new institute will be set up at Vadodara to...