We are planning to raise Rs 2.9 lakh crore from the equity market, Rs 1.06 lakh crore from private investments and Rs 2.19 lakh crore from Central Road Funds (CRF) or toll-operate-transfer (TOT) or toll road (BOT) projects.
The total length of operational metro projects in India presently stands at about 440 km and is growing. Cities like Bengaluru, Chennai, Gurugram, Kochi, Kolkata, Mumbai, Hyderabad, Jaipur, Lucknow and the Delhi National Capital Region (NCR) where they are already operational, are simultaneously adding on to their existing route networks.
Mangal Dev, Head of Hitachi Rail Systems Co, India & South Asia Region feels that inadequate attention to planning, availability of funding and the need to expand the availability of skilled manpower are key challenges facing the metro rail projects in India.
Mangu Singh, Managing Director, Delhi Metro Rail Corporation (DMRC) indicates that challenges around land acquisition have slowed down the ongoing extension of metro rail network. Therefore, if the need arises again, the metro rail operator in the Delhi National Capital Region (NCR) will not be averse to negotiating directly with private landowners.
For the implementation of Varanasi Smart City project, the Varanasi Municipal Corporation (VMC) has appointed consortium of three reputed firms as Project Management Consultants -Rudrabhishek Enterprises Pvt. Ltd. (REPL), Grant Thornton and ABN consulting.