Hyderabad's 72-km Metro Rail project is based on a revenue model of 50 per cent from passenger fares, 45 per cent from property development and 5 per cent from advertisement and other miscellaneous sources. The Rs 14,132-crore project, being implemented under the public, private partnership mode by concessionaire L&T, has a viability gap funding from the Central Government to the tune of Rs 1,458 crore while the remaining Rs 12,674 crore is being raised by L&T, which has already achieved financi
Category: Railways & Metro Rail
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Jaipur citizens to ride Metro train by June
Rajasthan has claimed that its capital Jaipur will see the Metro running this June itself. It claimed that the Metro had been constructed in a record time of less than two and half years thanks to the support from the Delhi Metro Rail Corporation. Rajasthan Chief Minister Ashok Gehlot said this in his meeting with the Deputy Chairman of the Planning Commission Montek Singh Ahluwalia in Delhi on March 20.
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India for development of inter-country rail linkages
Indian government is committed to the development of inter-country rail linkages and in furtherance of this policy, it supports the development of Trans-Asian Railway Network, the Union Railway Minister Pawan Kumar Bansal said in Delhi on March 19. This network would provide a major land corridor for transport of people and goods across the frontiers of the member countries, Bansal said while speaking at the 7th meeting of Railways of South and South East Asian Countries.
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Railways to mop up Rs 2,000 cr
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail
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Railways to mop up Rs 2,000 cr
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail
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HCC bags DMRC contract
Hindustan Construction Company (HCC) in joint venture (JV) with Samsung C&T has been awarded a contract worth Rs 866 crore by the Delhi Metro Rail Corporation (DMRC) for design and construction of 4.4 km long tunnel on
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Rail freight hike may impact cement margins : India Ratings
The proposed 5.79% increase in rail freight as per the Railway Budget 2013-2014 may negatively impact the margins of the cement industry. In the event cement manufacturers are unable to pass on the rail freight cost hike, their operating margins may reduce by 75bps-100bps.
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Railways to mop up Rs 2,000 cr via land leasing
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail Land Development Authority and IR Station Development Corporation in 2013-14.
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Railways fixes Rs 1,000 cr each for land, station wings
Union Railway Minister PK Bansal on February 26 proposed to fix a target of Rs 1,000 crore of earnings each for the Rail Land Development Authority (RLDA) and the Indian Railways Station Development Corporation (IRSDC) in 2013-14. The RLDA was set up by the Ministry in November 2006
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CII for speedy implementation of key railway projects
Confederation of Indian Industry (CII) has said that Government should take steps for speedy implementation of key railway projects such as the dedicated freight corridor, high-speed rail corridors and other capacity enhancement works to reduce supply chain costs.