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News Entry# 288046
Dec 08 2016 (20:51)  JICA keen to fund Surat Metro Rail Project (
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News Entry# 288046   Blog Entry# 2084731     
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Posted by: rdb*^  133024 news posts
SURAT: Japanese funding agency Japan International Corporation Agency (JICA) has shown keen interest in financing the Rs 4,000 crore Surat Metro Rail Project. The DPR (detailed project report) of the 35-km-long metro rail is being prepared by Delhi Metro Rail Corporation (DMRC) and is likely to be ready in next six months.
A five-member team of international management consulting firm Ernst & Young is camping in Surat for last two days to assess demand and possibility of adopting several corridors. The consulting firm functions as financial assessors of JICA.
"JICA is interested in
financing metro project of two cities in India and one of them is Surat. Officials from JICA were in the city for assessment of project cost. Once the Detailed Project Report (DPR) is ready by March 2017 they will take a final call," said M Thennnarasan, commissioner Surat Municipal Corporation (SMC).
At present, DMRC has been assigned task of preparing DPR for Surat Metro Rail along with CEPT University in Ahmedabad. They are conducting study to check the feasibility of different corridors and making specific demand assessment of each corridor.
H Shivanand Swamy of CEPT said, "The work is going on and more than dozen corridors are being assessed."
Government of Gujarat (GOG) has named Metro Link Express Gandhinagar-Ahmedabad (MEGA) as nodal agency for implementation of metro projects in different cities.
"JICA, after getting the financial assessment report from Ernst & Young will discuss with GOG and Government of India (GOI) and implementation would begin after financial loan is granted," said an official from SMC.
It will be at least four-five years before Surtis can take a ride in a metro train.

Dec 08 2016 (21:55)
riz339~   2911 blog posts   123 correct pred (54% accurate)
Re# 2084731-1            Tags   Past Edits
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