[ecis2016.org] Final shape is being given to a proposed new legislation that will replace the existing two laws related to construction, operation and maintenance of metro networks across the country, a top official has said
Urban affairs secretary DS Mishra, on March 8, 2018, revealed that a new law was being framed, for metro networks across the country. “The two existing laws related to operation, maintenance and construction, have become very old and they were formulated when the scenario was completely different. Now the situation has changed. The new law would seek to address all the issues faced by metro networks,” he said.
You are reading: Final shape being given to new law for metro networks
Read also : Pallavaram property market: An overview
Mishra said, the issue of land acquisition and public-private-partnership model has evolved and the legislation that will replace the existing laws will ‘create an ecosystem that will further the growth story of the metros’. He was interacting with reporters on the sidelines of the launch of ‘I-Metros’ or Indian Metros Rail Organisations Society, an association of all Indian metro rail companies, at a conference on ‘Indian Metros: Collaborating for Excellence’. “We have been working on it for the last two years. The legislative department (of the Law Ministry) is giving final shape, after which it will go to the cabinet, as per the due procedure,” he said.
[ecis2016.org] Metro rail network likely to cross 700 kms in a few years: Housing minister
Read also : RERA provisions would apply to long-term lease agreements: Bombay HC
The Metro Railway (Operations and Maintenance) Act, 2002, is an act of the parliament that governs the operations of metro rail systems in India. Mishra also said that currently the span of all metro networks operational in the country, stands at 425 kms and another 700 kms are under construction in 13 cities, he said. “By the end of this year, 600 kms will become operational,” he added.
Cabinet secretary PK Sinha, in his address said this new platform (I-Metros) ‘will go a long way, if things progress in the right spirit by adopting the best practices and the latest technologies’. Sinha said revenues from passengers segment will always be a challenge, so metros should ‘look at other innovative ways, whereby, they can raise revenues and make it self-sustaining ventures’.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
