Study conducted by CREDAI MCHI with insights from over 100 MMR developer members April 2020
Experts discuss the challenges that may arise in the implementation of the Rs 72,000 crore NCR Rapid Rail Transit System (RRTS) project.
The implementing authority plans to adopt Public Private Partnership (PPP) model for the project.
Experts feel that the viability of the project depends on the realisation of the targeted ridership. The principal source of revenue for the project will be the passenger fares as the authority expects a daily ridership of 16.3 lakh by 2016 on the three proposed corridors.
Meanwhile, experts point to other challenges in the construction phase. Land Acquisition is one issue that the most urban infrastructure projects face. while the three corridors run across 381 km, it remains to be seen whether railways can provide the required amount of land.
For the overall success of the project, all the stake holders - Haryana, Delhi, Uttar Pradesh and Rajasthan governments; Ministry of Railways; Ministry of Urban Development and NCR Planning Board - must work in unison, experts point out.
The objective of the project is to cope with the increase in traffic demand in Mumbai by expanding the mass rapid transpor.. April 2020