Mr E Sreedharan MD of Delhi Metro Rail Corp at a function in Bangalore said that India would invest INR 200,000 crore in the metro rail system over the next 10 years. He added that the mass transport system would be taken up for eight more cities over the period.
Mr Shreedharan while speaking to the media on the sidelines a function held to mark the roll out of India's first standard gauge metro cars said that INR 80,000 crore had been invested or committed to ongoing metro rail projects so far. He added that in all an investment of INR 200000 crore would be made in the country on metro rail in the next 10 years.
He added that in addition to Delhi, Bengaluru, Hyderabad, Mumbai and Chennai, projects would also be launched in Pune, Lucknow, Ahmedabad, Ludhiana, Kochi, Indore and Chandigarh.
Mr Shreedharan said that given the fact that BEML R&D centre was coming up in Bangalore, it would be in a better position to bag metro projects. He added the R&D centre would bring down indigenization costs with coaches made by BEML costing nearly 10% less at INR 5.5 crore a coach than imported ones.
He said with a European metro major Embrair is set to enter the country soon and BEML will have a competitor soon as Embrair is setting up a facility in Baroda.
On launch of metro project in Kochi in Kerala, he said the proposal was awaiting the centre's clearance. He added that the state government had cleared the proposal and handed it over to the DMRC for execution on a turnkey basis. On Hyderabad metro he said the state was still in favour of Build, Operate and Transfer mode involving the private sector.
He added being highly capital intensive it would be difficult for metro projects to attract capital investment as the costs would not be viable for passengers.
(Sourced from http://www.steelguru.com/news/index/2009/09/14/MTExNTg3/India_to_invest_INR_200%252C000_crore_in_metro_projects_over_10_years.html)
Sunday, September 13, 2009
India to invest INR 200,000 crore in metro projects over 10 years
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