Real estate to gain up to Rs 90,000 cr from Metro rail projects: Icra

Overall expenses in expanding Metro projects in various states stands at Rs 2.5 lakh cr

The construction sector in the country is expected to witness a boost in its order book due to the strong traction seen in the Metro rail sector, according to rating agency Icra.

The rating agency expects orders from the Metro rail sector to help boost the order book of the construction industry by Rs 75,000 to Rs 90,000 crore over the next three to five years. "The overall cost of expansion of operational and under-implementation Metro projects is over Rs 2.5 lakh crore. This would support the order books of construction contractors. Further, Metro Rail projects (MRP) worth another Rs