Metro, rapid rail projects of length 1,230 km under implementation
RAILWAYS & METRO RAIL

Metro, rapid rail projects of length 1,230 km under implementation

The Ministry of Housing and Urban affairs (MoHUA) told the media that 34 metro rail and rapid rail projects with a cumulative length of nearly 1,230 km are under implementation across the country.

The ministry has received proposals for another 16 projects with a cumulative length of 638 km from eight states and Union Territories (UTs) including, Maharashtra, Rajasthan, Tamil Nadu, Haryana, Jammu, Uttar Pradesh, Kerala, Kashmir, and Delhi.

MoHUA said that based on extant policy, the central government considers financial assistance for Metro Rail proposals in cities or urban agglomerates, the probability of the proposal, and availability of resources, as and when posed through the concerned state governments.

The ministry further added that the proposals received from various state governments and UTs for executions of Metro Rail, MetroLite, MetroNeo, and Regional Rapid Transit System (RRTS) projects.

As we have reported earlier, from zero to 702 km since Kolkata’s first line was made operational in 1984, India’s metro-rail system has seen remarkable growth.

Approximately 1,016 km of metro rail is under construction in 27 cities and another 2,500 km likely to be constructed in the next decade to cater to the growing urban population. WIth this, India has already emerged as the largest market for rail-based urban transport projects in the world outside China.

Additionally, under the central government’s asset monetisation plan, the operation of completed metro-rail projects is likely to emerge as a big opportunity for private players.

Image Source


Also read: Chennai Metro: CMRL floats tender to procure 70 driverless trains

Also read: Alstom starts manufacturing trains for Delhi-Meerut RRTS corridor

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Ministry of Housing and Urban affairs (MoHUA) told the media that 34 metro rail and rapid rail projects with a cumulative length of nearly 1,230 km are under implementation across the country. The ministry has received proposals for another 16 projects with a cumulative length of 638 km from eight states and Union Territories (UTs) including, Maharashtra, Rajasthan, Tamil Nadu, Haryana, Jammu, Uttar Pradesh, Kerala, Kashmir, and Delhi. MoHUA said that based on extant policy, the central government considers financial assistance for Metro Rail proposals in cities or urban agglomerates, the probability of the proposal, and availability of resources, as and when posed through the concerned state governments. The ministry further added that the proposals received from various state governments and UTs for executions of Metro Rail, MetroLite, MetroNeo, and Regional Rapid Transit System (RRTS) projects. As we have reported earlier, from zero to 702 km since Kolkata’s first line was made operational in 1984, India’s metro-rail system has seen remarkable growth. Approximately 1,016 km of metro rail is under construction in 27 cities and another 2,500 km likely to be constructed in the next decade to cater to the growing urban population. WIth this, India has already emerged as the largest market for rail-based urban transport projects in the world outside China. Additionally, under the central government’s asset monetisation plan, the operation of completed metro-rail projects is likely to emerge as a big opportunity for private players. Image Source Also read: Chennai Metro: CMRL floats tender to procure 70 driverless trains Also read: Alstom starts manufacturing trains for Delhi-Meerut RRTS corridor

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement