Metro
According to Chief Executive and Managing Director of L&T Metro Rail (Hyderabad) Ltd Vivek Bhaskar Gadgil, work on the Hyderabad Metro is going on at a fast speed and, if it completes 71.16 km in three lines in five years as planned, it will be a world record. On Monday, while delivering a lecture on [...] Continue Reading »
In the coming months if past trends are any indication, real estate prices around the newly commissioned Metro line are expected to rise. MG Road Baiyappanahalli Metro line, which was commissioned in October 2011, has witnessed a great hike in property rates on either of the side. In the words of Industry Prices rose by [...] Continue Reading »
E M Sudarsana Natchiappan, the Union minister of state for Commerce & Industry had said that the Centre had initiated a dialogue with Japan to support the monorail project in Tamil Nadu. The minister, giving further details, said the Centre had requested the Japan International Cooperation Agency (Jica), a governmental agency of Japan, to fund the project. [...] Continue Reading »
With an aim to provide better connectivity, Delhi Metro Rail Corporation (DMRC) under its Phase III expansion plan plans to set up more than one station in large residential and commercial areas of the national Capital. According to officials, the expansion has been planned in a manner that the large residential as well as commercial [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
The deadline for Delhi metro Phase III is March 2016. According to Delhi Metro, around 25% of the work is complete, including two new corridors and extensions to some existing ones, crucial land acquisition, clearances and setting up of work infrastructure. Mukundpur to Shiv Vihar and Janakpuri (West) to Botanical Garden will connect west with [...] Continue Reading »
Metro project in Gujarat continues to face delays. Initial discussions were started in the year 2005. While the state government has approved the project, it is learnt that the detailed project report (DPR) is yet to receive centre’s approval. The project is handled by a special purpose vehicle (SPV) Metrolink Express between Gandhinagar and Ahmedabad [...] Continue Reading »
Instead of acquiring land from owners, the Kerala state government is exploring the option of purchasing land directly from the owners by registering the title deed for the Kochi Metro Rail project. There are concerns that if the land is acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement [...] Continue Reading »
The French financial agency Agence Française de Développement (AFD) has signed a project agreement with Kochi Metro Rail Ltd for a €180 million long-term loan for the Kochi Metro Phase-1 project. The agreement was signed by Anne Paugam, Chief Executive Officer of the French Development Agency and Elias George, Managing Director of Kochi Metro Rail [...] Continue Reading »
The decision to change the alignment of proposed metro line along Bannerghatta road has been taken by a high-powered committee in March. The said change of alignment will affect Infosys office, a mall and other 95 properties apart from 160 apartments. Earlier it was proposed to have interchange facility between two lines, RV Road-Bommasandra and [...] Continue Reading »
