Metro Rail News November 2017
Monthly magazine with special focus on Urban Mobility, Metro Rail Projects, Mass Rapid Transit Systems, High Speed Rail Project, Smart Cities Projects etc.
Monthly magazine with special focus on Urban Mobility, Metro Rail Projects, Mass Rapid Transit Systems, High Speed Rail Project, Smart Cities Projects etc.
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Editor’s Note<br />
Dear Readers,<br />
Seasonal greetings from <strong>Metro</strong> <strong>Rail</strong> <strong>News</strong> !<br />
The government of India will spend Rs 2.5 lakh crore to implement metro rail projects in various Indian cities. The spending<br />
will be over the next five years, eventually helping not only the stressed infrastructure companies to present stronger<br />
financial results, but also companies involved in manufacturing and supply of rolling stock, said ratings agency ICRA.<br />
The government of India has standardized specifications for rolling stock and signalling systems for metro rail so that<br />
‘Make in India’ can be promoted.<br />
Prime Minister Narendra Modi, during the inauguration of Kochi <strong>Metro</strong>, had said that a number of initiatives have been<br />
taken to enhance public transport in the cities. Foreign investment has been invited in this sector. Fifty cities in India are<br />
ready to implement metro rail projects.<br />
In fact, in September <strong>2017</strong>, the Union government also issued a new <strong>Metro</strong> <strong>Rail</strong> Policy to transform cities, from being<br />
transit dependent to being transit oriented.<br />
Due to differences between the government and private players over Concession Agreement clauses, PPP metro projects<br />
have had a failed start.<br />
In India, there have been five metro projects with private equity participation, namely Delhi Airport <strong>Metro</strong> Express (which<br />
is now managed by Delhi <strong>Metro</strong> <strong>Rail</strong> Corporation), Reliance Infrastructure-led Mumbai <strong>Metro</strong> One, Hyderabad <strong>Metro</strong> with<br />
majority owned by Larsen & Toubro and two wholly private Rapid <strong>Metro</strong> in Gurugram by IL&FS.<br />
There has also been a demand by certain sections of the state government, particularly, Maharashtra to amend the <strong>Metro</strong><br />
<strong>Rail</strong>ways Act to make it more relevant for PPP metro rail projects. The existing regulation was formed with a view of<br />
government-owned metro lines, said a state official. Going by the developments in PPP metro projects, it is better to opt<br />
for EPC projects. Right of Way and clearances are among the major issues in executing such a project.<br />
Many large Indian construction companies have taken up metro rail projects. While ITD Cementation has bagged the<br />
highest number of EPC projects, Larsen & Toubro has exposure to both EPC and PPP contracts. Other companies like<br />
Afcons, NCC, IL&FS Group, Simplex Engineering, J Kumar, etc. also have sizeable metro contracts.<br />
Over the next three to five years, with a sizeable pipeline of projects in these segments, the order book of construction<br />
companies with strong track record and healthy balance sheet are expected to have sufficient order inflows.<br />
I would like to thank all the contributors and companies who are associated with the <strong>Metro</strong> <strong>Rail</strong> <strong>News</strong>.<br />
I highly appreciate your support and hope to continue our collaboration further.<br />
Mamta Shah<br />
Managing Editor<br />
<strong>Metro</strong> <strong>Rail</strong> <strong>News</strong><br />
(A Symbroj Media publication)<br />
E-mail: editor@metrorailnews.in<br />
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© METRO RAIL NEWS | NOVEMBER <strong>2017</strong> | WWW.METRORAILNEWS.IN
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