Metro Initiatives To Be Enhanced By Encouraging More PPP models

Budget 2019: Nirmala Sitharaman called for cooperative arrangement between the private and public players (PPP) to develop metro rail infrastructure.

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Metro Initiatives To Be Enhanced By Encouraging More PPP models
Metro Initiatives To Be Enhanced By Encouraging More PPP models

NEW DELHI (Metro Rail News): On Friday Finance Minister Nirmala Sitharaman said that corporate India is a job creator and called for cooperative arrangement between the private and public players (PPP) to develop metro rail infrastructure.

While presenting the first Budget of the Narendra Modi government she said “I propose to enhance the metro railway initiative by encouraging more PPP model initiatives. A 210-kilometer line of metro will be made operational in 2019. Time is right for India to enter into aircraft financing and leasing”.

She added, “Adoption of PPP in metro rail projects has been an enduring challenge. The solution lies in innovative approaches and bankable projects”.

The Finance Minister also said about improving the Railway infrastructure and said that this sector needs an investment of Rs. 50 lakh crores between 2018 and 2030.

She added, “Railways will be encouraged to invest more in suburban railways through Special Purpose Vehicle (SPV) structures like Rapid Regional Transport System (RRTS) proposed on the Delhi-Meerut route,”.

13th International Railway Equipment Exhibition (IREE) 2019

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