RITES report: Chandigarh Metro nears reality
RAILWAYS & METRO RAIL

RITES report: Chandigarh Metro nears reality

After both Haryana and Punjab had released their respective shares for the Tricity Metro's detailed project report (DPR), Rail India Technical and Economic Services (RITES) reported that they had submitted their inception report to the UT administration, bringing the ambitious project a step closer to reality. An inception report was explained as a means of ensuring mutual understanding of the consultant's plan of action and timeline for conducting the evaluation.

According to Pradhuman Singh, director of UT transport, he mentioned, "We have received the inception report, and now RITES will provide us with a detailed presentation in a couple of days regarding how they will proceed with the alternative analysis report (AAR). Once the AAR is prepared, the DPR will follow." It was noted that the previous month, Punjab had paid its share of Rs 10.37 million, and just the previous week, the Haryana government had also released its share of Rs 6 million. The overall tentative cost of the Metro project was estimated to be around Rs 105.70 million, with 20% to be covered by the two states, 20% by the Centre, and the remaining 60% by the lending agency.

In July, the Chandigarh administration had decided that it would engage all stakeholders, including Haryana and Punjab, in the preparation of the AAR and DPR for the Metro Rail, as per the central government's guidelines. The Unified Metro Transportation Authority (UMTA), consisting of 23 members, had convened on July 18 and had given its approval for the Tricity Metro project, also expanding the scope of the project for the first phase from 66 km to 77 km. The first phase would now commence from Parol in New Chandigarh (Mohali) and conclude at Panchkula Extension in Sector 20.

Also read:

Kanpur Metro's TBM 'Nana' achieves third major breakthrough

RB clears 2 infra proiects of 12 cr for Sambalpur, Balasore


"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."

After both Haryana and Punjab had released their respective shares for the Tricity Metro's detailed project report (DPR), Rail India Technical and Economic Services (RITES) reported that they had submitted their inception report to the UT administration, bringing the ambitious project a step closer to reality. An inception report was explained as a means of ensuring mutual understanding of the consultant's plan of action and timeline for conducting the evaluation. According to Pradhuman Singh, director of UT transport, he mentioned, We have received the inception report, and now RITES will provide us with a detailed presentation in a couple of days regarding how they will proceed with the alternative analysis report (AAR). Once the AAR is prepared, the DPR will follow. It was noted that the previous month, Punjab had paid its share of Rs 10.37 million, and just the previous week, the Haryana government had also released its share of Rs 6 million. The overall tentative cost of the Metro project was estimated to be around Rs 105.70 million, with 20% to be covered by the two states, 20% by the Centre, and the remaining 60% by the lending agency. In July, the Chandigarh administration had decided that it would engage all stakeholders, including Haryana and Punjab, in the preparation of the AAR and DPR for the Metro Rail, as per the central government's guidelines. The Unified Metro Transportation Authority (UMTA), consisting of 23 members, had convened on July 18 and had given its approval for the Tricity Metro project, also expanding the scope of the project for the first phase from 66 km to 77 km. The first phase would now commence from Parol in New Chandigarh (Mohali) and conclude at Panchkula Extension in Sector 20.Also read: Kanpur Metro's TBM 'Nana' achieves third major breakthrough RB clears 2 infra proiects of 12 cr for Sambalpur, Balasore

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