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News Entry# 287107
  
Nov 29 2016 (12:11)  Metro rail bill, 2016 to stress upon one entity to fix pan-India fares - Infracircle (infracircle.vccircle.com)
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News Entry# 287107     
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Posted by: Jayashree ❖ Amita*^  35181 news posts
The ministry of urban development is expediting the new proposed Metro rail bill, 2016, which will emphasise on a single body to fix Metro rail fares for all Metro networks across India.
“A regulatory authority to fix fares will be formed which will decide fares for all Metro rails in India so that there is uniformity,” said a government official requesting anonymity.
There are also provisions for enabling public-private-partnership (PPP) in Metro projects to take up property development and commercial activities to cover costs.
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rails are constructed by the funding of central and state government with 50% equity each. Usually, PPP route is not taken up because the revenue generation of public projects is low. Only Gurgaon, Mumbai, Hyderabad are operated by private firms. The PPP models, with viability gap funding by the central government, were followed in the Mumbai Metro phase I and Hyderabad Metro.
“There will also be a uniform framework for safety certification of Metro projects. The legislation will take three-four years to be enacted,” said another government official who also did not want to be named.
The proposed bill will have the provisions of all three Acts—The Metro Railways (Construction of Works) Act, 1978, The Delhi Metro Railways (Operation and Maintenance) Act, 2002, and The Metro Railways (Amendment) Act, 2009.
Queries emailed to the spokespersons of the ministries of urban development and railways on 25 November remained unanswered.
Experts welcomed the move.
“Having a single regulator to look at the fare is good because currently, we have a fare fixation committee and governments take their own time to fix the fare. Encouraging PPP model is also good but I am not sure Metro construction can be carried out by them because it having so much public interface,” said transport economist G Raghuram, who is also a Professor at the Indian Institute of Management, Ahmedabad.
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