#RealtyNewsRoundUp: ‘Delhi Metro To Be In World’s Top 5 By 2018 End’

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Services have started on the 21.56-kilometre Majlis Park-Durgabai Deshmukh South Campus section of the Delhi Metro’s Pink Line on March 14. With this, the Delhi Metro Railway Corporation (DMRC) will cover a network of 252 km. By the year-end, the network is scheduled to have a 350-km operational length, positioning it among the top-five Metro networks in the world, DMRC Managing Director Mangu Singh has said.

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The National Highways Authority of India (NHAI) has awarded to Larsen and Toubro (L&T) one of the five packages of Rs 7,500-crore Dwarka Expressway project in Haryana under the Bharatmala project. The package to build the eight-lane expressway from Basai Railway Road Over-bridge to the National Highway8-Southern Peripheral Road intersection will be executed at a cost of Rs 1,047 crore.

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India needs an investment of Rs 1 trillion in infrastructure projects by 2030 for augmenting its mass rapid transport systems, NITI Aayog advisor Rakesh Ranjan has said. While the Metro railway was good for intra-city transportation, suburban railway systems were more effective in transporting people to and from city centres and suburbs and other areas in the vicinity, Ranjan said.

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Five proposed infrastructure projects of the country will soon come up for consideration by the Beijing-based Asian Infrastructure Investment Bank (AIIB) for funding. The bank has already cleared $1.07 billion for funding of five projects in the country. The Mumbai Metro Line-4 project, the West Bengal Major Irrigation and Flood Management Project, the National Investment and Infrastructure Fund, the Madhya Pradesh Rural Connectivity Project and the Amravati Sustainable Capital City Development Project are the proposed projects pending for consideration by the AIIB board.

Source: Media reports