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We will directly deal with land-owners if acquisition is delayed

We will directly deal with land-owners if acquisition is delayed

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.

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Chennai Metro’s underground stretch commissioned

Chennai Metro’s underground stretch commissioned

Today the Chennai Metro Rail Project (Phase I) underground section from Thirumangalam to Nehru Park was inaugurated. The newly constructed underground stretch covers a distance of 7.4 km between Thirumangalam and Nehru Park comprising of five important stations; Anna Nagar Tower, Anna Nagar East, Shenoy Nagar, PachayappaÂ’s College and Kilpauk Medical College.

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We can’t shy away from PPPs

We can’t shy away from PPPs

PR Jaishankar, Chief General Manager, India Infrastructure Finance Company Ltd (IIFCL) says that old models of development financing need a complete overhaul. He feels while development financing still holds relevance, it needs to be viewed in the context of the dynamic needs of the emerging environment.