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Thursday, 17 Aug 2017
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Fifty Metro projects chugging smoothly

The Union cabinet has approved a new metro policy making private participation a must. This is expected to expedite the pace of project execution. As per Projects Today, a total 52 Metro projects are in planning or under execution stage. These Metro rail projects will not only provide massive boost to the construction sector but will also create direct and indirect employment opportunities for many.

In a major boost to the city of Mumbai, on 24 July, 2017 the government of Maharashtra gave nod for bank guarantees and loan-related sanctions for four metro projects in Mumbai. The state cabinet approved bank guarantee for Metro 4 being financed by Asian Infrastructure Investment Bank. The development of Metro 4 (Wadala- Ghatkopar- Mulund- Kasaravadavali) will entail an estimated investment of Rs 14,549 crore.

Further, the authorities also decided to provide a debt sustainability certificate (DSC) to Metro 2A (Dahisar to DN Nagar), 2B (DN Nagar-Bandra-Mankhurd) and 7 (Dahisar East-Andheri East). These metro projects will be funded by Asian Development Bank and will attract an investment of Rs 6,410 crore, Rs 10,986 crore and Rs 6,208 crore.

Other metro project which saw a progress was Kolkata East West Metro corridor project. The project worth Rs 8,996.96 crore saw completion of construction work for underwater tunnel. This is the first underwater transportation tunnel under construction in the nation. The entire work of construction of tunnel stretching 10.81 km is targeted for completion by December, 2019.

Another major metro project which saw progress was Lucknow Metro Rail Project (Phase-IA). On 7 August, 2017, Tata Projects completed the underground tunnel boring project from Lucknow Secretariat to near Sahu Cinema at Hazratganj. The 812 mtr tunnel which lies below the city centre areas of Sachivalaya (the Secretariat area) & Hazratganj (Heritage Building area) was completed within a period of five months. As the next part of the construction plan, the company will construct another tunnel between the Sachivalaya and Hussainganj Metro Station. The company will construct three underground metro stations at Hussain Ganj, Sachivalaya and Hazratganj.

Contract worth Rs 294.37 crore related to Kochi Metro Rail Project- Phase I was awarded to Vijay Nirman Engineering Company. The contract involves construction of elevated viaduct, three stations viz: Ernakulum South, Thaikoodam & Petta including works on Alwaye-Petta Line and construction of elevated viaduct, two stations viz Alliance Junction, and SN Junction including works on Alwaye-SN Junction Line.

However, the Chandigarh’s Metro project saw a major set back, as the project was scrapped due to untenable grounds. The project worth Rs 14,000 crore was not found feasible for short distance. Union home minister Rajnath Singh dropped the project and asked the UT administration officials to look for an alternative model for transportation.

Apart from this, on 31 July, 2017, the authorities of Delhi Metro Rail Corpn floated tenders for construction of elevated stabling depot for metro extension from Noida city centre to Noida, Sector-62 in Gautam Budh Nagar district of Uttar Pradesh. The company securing this project worth Rs 150.05 crore is expected to complete it in 16 months.

It is also expected that coming months will see floatation of various tenders for metro projects. One of them being financial bids for rolling stock for the Mumbai Metro Line 3. Mumbai Metro Rail Corporation (MMRC) is hopeful of opening financial bids for rolling stock by the end of August 2017. The authorities have already received six pre-qualification bids from domestic and global consortia for the rolling stocks. The company bagging the contract will have to manufacture 75 percent of coaches locally. Once completed, the Line 3 will be the fifth largest underground metro in the world.

 

 
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