India to invest Rs 200,000cr in Metro rail in 10 yrs

India would invest Rs 2 lakh crore in the Metro rail system in next 10 years, with 8 more cities coming under the mass transport system during this period.

Bangalore: India would invest Rs 2 lakh crore
in the Metro rail system in the next 10 years, with eight more
cities coming under the mass transport system during this
period, Delhi Metro Rail Corp MD E Sreedharan said today.

Speaking to reporters on the sidelines of function here,
where BEML rolled out India`s first standard guage metro cars,
he said Rs 80,000 crore had so far either been invested or
committed to ongoing metro rail projects.

"In all, an investment of Rs 200,000 crore will be made
in the country on metro rail in next 10 years," he said.

Besides Delhi, Bengaluru, Hyderabad, Mumbai and Chennai,
projects will be launched in Pune, Lucknow, Kanpur, Ahmedabad,
Ludhiana, Kochi, Indore and Chandigarh, he said.

BEML, Sreedharan said, would henceforth have a greater say
in getting metro projects as its R&D centre was coming up
here, which would bring down indigenisation costs. Coaches
made by BEML would cost Rs 5.5 crore, nearly 10 per cent less
than imported ones, he said.

"Meanwhile BEML will have a competitor in European metro
major Embrair, which is setting up a facility in Baroda soon."

On launch of metro project in Kochi in Kerala, he said it
was awaiting the Centre`s clearance. The state government has
cleared it and handed it over to DMRC on a turnkey basis. On
Hyderabad metro, he said the state still wanted to go on
Build, Operate and Transfer mode involving the private sector.

"Metro rail is highly capital intensive and it is
difficult to attract private investment as it will not be
viable for passengers," he said.

Bureau Report

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