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The National Capital Region Transport Corporation (NCRTC), India's first regional rapid rail project, has received an allocation of more than Rs 2,900 crore in the Union Budget 2025-26 announced on Saturday. The NCRTC has started its operation in Delhi from January 5 after Prime Minister Narendra Modi inaugurated a 13-km section of the corridor from Sahibabad in Ghaziabad to New Ashok Nagar in the national capital. The NCRTC received a total outlay of 2,918 crore in the current budget, while it was Rs 3,855 crore in last budget's revised estimates. The union budget for 2025-26 was presented by Finance Minister Nirmala Sitharaman on Saturday. After the inauguration of the NCRTC's Delhi section, commuters from the national capital can reach Meerut South in just 40 minutes. Currently, two stations -- Anand Vihar and New Ashok Nagar -- are operational in Delhi, while a third one is under construction at Sarai Kale Khan. The 82-km Regional Rapid Transit System (RRTS) corridor originat
President Droupadi Murmu on Friday said India has the world's third-largest metro network spanning over 1,000 km and emphasised that efforts to streamline urban transportation are underway. Addressing a joint sitting of Parliament, which marked the start of the Budget session, Murmu said that metro projects in Delhi, Pune, Thane and Bengaluru, along with the recently launched Namo Bharat Rapid Rail on the Ahmedabad-Bhuj route, are shaping the cities of a 'Viksit Bharat'. To accelerate the journey towards 'Viksit Bharat', it is essential to make Indian cities future-ready, she said. In this direction, the government is focused on modernising urban amenities and making them energy-efficient. Simultaneously, the foundation is being laid for the development of new cities, she added. "Today, I am extremely pleased to share that India's metro network has crossed the milestone of 1,000 kilometres. India has now become the third-largest country in the world in terms of the metro network,"
Metro services on the Yellow Line will be temporarily regulated from the night of November 14 to November 19 due to civil work on a 490-metre section of the Janakpuri West to R K Ashram. According to the Delhi Metro Rail Corporation (DMRC), the disruption is due to planned construction work on a 490-metre section between Janakpuri West and R K Ashram where the alignment crosses over Haiderpur Badli Mor. Train services on this stretch will be briefly affected from the night of November 14-15 to the night of November 19-20, it said. As a result, there will be no train service between Samaypur Badli and Jahangirpuri after 10.45 pm until the start of revenue services at 7.02 am. Three stations Samaypur Badli, Rohini Sector 18-19 and Haiderpur Badli Mor will remain closed until service resumes upto 7.02 am, it stated. However, trains will continue to operate on the remaining sections of the Yellow Line from Jahangirpuri to Millennium City Centre in Gurugram during this period, the ...
Mumbai's first underground Metro rail corridor, known as Metro Line 3, will start operating from July 24, Bharatiya Janata Party's general secretary Vinod Tawde said on Wednesday. He gave this information in a post on X. Mumbai Metro Line 3, also known as Mumbai Metro Aqua Line or Colaba-Bandra-SEEPZ Line, is a 33.5 km underground route that will connect south Mumbai to the city's western suburbs and is expected to reduce the burden on the suburban locals. "Mumbai's first underground metro (Aqua Line) is starting from July 24, which will give new impetus to the speed of the city," Tawde said in his post. Last month, Research Designs and Standards Organisation (RDSO) successfully completed the trials of rolling stock for the underground Mumbai Metro Line 3. In his post, Tawde also said that Prime Minister Narendra Modi had given a guarantee to make the life of Mumbaikars easier and this is going to be fulfilled through the Metro Line 3. Ashwini Bhide, managing director of the ...
Odisha Chief Minister Naveen Patnaik on Monday laid the foundation stone for the Rs 6,225 crore Bhubaneswar Metro Rail project. Before laying the foundation stone at Ratagada Lenka Sahi near Trisulia, Patnaik held a roadshow on the 26 km route of the proposed metro project. People stood on both sides of the road and different groups performed traditional folk dance and music to welcome the chief minister during the roadshow. "Apan Mane Khusi Ta (Are you happy)", Patnaik asked the people gathered on the occasion. "Today (Jan 1, 2024) will remain in the history of Odisha's development. As promised earlier, we are laying the foundation stone of the metro rail project", he said. Stating that this is the state government's single largest investment made in any infrastructure project in Odisha's history, Patnaik said that this is also the flagship project of Odisha under the 5T (transformational) initiative. Patnaik said the project will have 20 stations covering 26 km from Bhubaneswar
State-owned NBCC on Friday said it has bagged a contract worth Rs 89 crore from the Delhi Metro Rail Corporation Ltd (DMRC) to construct staff quarter residential building for the Bhubaneswar metro rail project. NBCC has been engaged for the construction of a staff quarter residential building by DMRC as Project Management Consultant (PMC), the company said in a statement. The total cost of the work is Rs 88.90 crore. Earlier this year, an MoU was signed between DMRC and NBCC to work together in the field of infrastructure development in India and abroad. NBCC (India) Ltd is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company has been listed with National Stock Exchange (NSE) and BSE since 2012. The company is mainly into PMC and real estate business.
Engineering and construction firm Kalpataru Projects International said the company along with overseas subsidiaries and joint ventures bagged new orders worth Rs 3,244 crore and also announced its foray into underground metro rail tunnelling segment. The company said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope. According to a statement, Kalpataru Projects International Ltd (KPIL) along with its joint ventures (JVs) and overseas subsidiaries has secured new orders/notification of awards of Rs 3,244 crore. It has also got orders in the buildings & factories (B&F) business, including KPIL's largest ever design and building contract for a residential project in south India with a built-up area of approximately 13 million square feet from a reputed developer. Besides, the company got orders in the Transmission & Distribution (T&D) ...
The government has allocated a total of Rs 19,518 crore to all metro projects across India in the Union Budget 2023-24, officials said on Wednesday. Finance Minister Nirmala Sitharaman in her speech in Lok Sabha said, "Our vision for the 'Amrit Kaal' includes technology-driven and knowledge-based economy with strong public finances, and a robust financial sector. To achieve this, Jan Bhagidari through Sabka Saath Sabka Prayas is essential". A senior official said the total budgetary outlay for year 2023-24 for all metro projects stands at Rs 19,518 crore. The allocation in 2022-23 was Rs 19,130 crore. However, the revised budget estimates for the same for 2022-23 was 15,628 crore, according to budget documents. In recent years, the Union Ministry of Finance has been allocating budget for all metro projects in India, instead of the Delhi Metro's alone, a senior official at the DMRC said. The outlay for this year includes equity investment of Rs 4,471 crore, subordinate debt of Rs 1
The process of financial closure for line number 1 of the upcoming Navi Mumbai metro project has been completed with the signing of an agreement between CIDCO and ICICI Bank for the Rs 500 crore line of credit, a release said on Wednesday. Navi Mumbai Metro Line 1 project is a three-coach metro train. The 11.1-km Belapur to Pendhar stretch of the project comprises 11 stations. "City and Industrial Development Corporation (CIDCO) signed an agreement for the industrial line of credit for Rs 500 crore with the Industrial Credit and Investment Corporation of India (ICICI). With this, the financial closure process for the metro line no. 1 project has been completed," CIDCO said in a release. Speaking about the major milestone, CIDCO vice chairman and MD Sanjay Mukherjee said the works on line number 1 of the project will be expedited. "Due to the Rs. 500 crore line of credit facility from ICICI Bank, the works of Line no. 1 will be expedited and it will be possible to travel on this lin
The BEML's demerged non-core businesses entity, BEM Land Assets Ltd, is expected to be listed in the next one month, a step toward divestment of the engineering major. The government seeks strategic divestment of 26 per cent post BEML demerger process of non-core assets. "Listing of demerged land company will be in a month's time. The valuation process is on. After listing, disinvestment process will be started," BEML chairman and managing director Amit Banerjee said. He was speaking on the sidelines of CII-organized Global Mining Summit 2022. He told PTI that the main assets of the demerged entity will be some total 550 acre of prime land in Bangalore and Mysore. The existing BEML shareholders have been given shares in the new demerged entity in a 1:1 ratio. State-owned BEML was focusing on defence and the metro railway business. Banerjee also mentioned that BEML, which currently has a 90 per cent localisation rate for defense trucks, in light of the government's outlook on mak