2008-10-08 10:33:27 - With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief E Sreedharan. 'The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,' said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.

In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore........

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At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.

We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)

For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/

With an investment to the tune of $13.5 billion required for the future metro projects in the country, the issue of funding model for projects needs a closer look, especially in the context of non-allocation of funds for such projects by the government and the recent criticism of private-public partnership (PPP) model used in the Hyderabad metro by DMRC chief

E Sreedharan. 'The 11th Five Year Plan does not have any allocation for the metro projects. Projects need to be taken up on PPP model to fund infrastructure growth in the country,' said Gajendra Haldia, principal advisor (Infrastructure), Planning Commission.

In this context, the three projects currently underway in the country display distinct models on which the upcoming metro projects could be funded in Ahmedabad, Chandigarh and Pune. The Delhi Metro, which has shown extraordinary feats in project management and efficiency, has been funded solely by the government in cooperation with Japan Bank for International Corporation. The Rs 12,000 crore Hyderabad metro has just been awarded to a consortium led by Maytas Infrastructure on PPP basis. Similar is the case with Mumbai Metro, the first phase of which is being developed by Mumbai Metro One, a joint venture company between Reliance Infrastructure, Mumbai Metropolitan Region Development Authority (MMRDA) and France-based Veolia Transport at an investment of Rs 2,300 crore

For Latest Real Estate News and Articles: www.maaproperties.com/Pages/ModuleContent.aspx?Module=News

At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.

We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)

For More Information about Real Estate Hyderabad, India visit: www.maaproperties.com/