Lucknow Metro Rail Corporation’s
Uttar Pradesh Chief Minister Akhilesh Yadav is pitching for the Lucknow Metro Rail and IT City projects in the city to promote ‘Brand UP’ among investors. Success of these projects would initiate economic growth and reassure investors about timely completion of projects. HCL arm Vamasundari Investments is developing the 100-acre IT City project (as part [...] Continue Reading »
UP Chief Secretary Alok Ranjan on Monday revealed that the Lucknow Metro may likely be up and running by December 2016. It would traverse an eight-km-long elevated track from Transport Nagar to Charbagh. Ranjan stated that tenders had already been floated for civil work, and a pre-bid conference would be held with bidders in Delhi [...] Continue Reading »
In a mail to Lucknow Metro Rail Corporation’s (LMRC) Sreedharan suggests that an Agence Francaise de Development (AFD) loan is not best suited for the project. He points out that FIDIC contract conditions don’t suit the Indian situations and may lead to international arbitrations hiking the cost of the project. He adds that AFD would [...] Continue Reading »
