Construction Infrastructure
India’s growing metro pie: 1016 km, 27 cities
Some 1,016 km of metro are being built in 27 cities and another 2,500 km are likely to be built over the next decade to serve the growing urban population. Because of this, India has already become the largest market for urban rail transport projects in the world outside of China.
Furthermore, under the central government’s asset monetization scheme, the operation of completed metro and rail projects is likely to emerge as a great opportunity for private actors.
Akhileshwar Sahay, Urban Transport Specialist, and Former Strategic Advisor, Delhi Metro Rail Corporation (DMRC) and Maha Metro; Indranil Basu, Managing Director, Project Management (South India), Colliers; Raghavendra B, Vice President (Business Development), RV Associates; KVB Reddy, CEO, and CEO of L&T Metro Rail (Hyderabad); Sameer Joshi, Associate Vice President of Marketing (B2B) Godrej Interior; Ellen Spohr, Managing Director, India and South Asia, Alstom; Sanjay Sanyal, founder, and CEO of Buu Consultants; Uday Sambra, Business Consultants for Rail and Subway Systems, Drill to Reduce Emerging Opportunities, Much Higher Demand Construction Equipment, Subway Viability, Safe and Sustainable Subway Construction.
News Source: Constructionworld
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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