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Barclays: $140-bn investment needed in urban transport by '30

Mar 20 2014, 20:23 IST
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The country needs to invest around USD 140 billion by FY'30, according to a Barclays report. Reuters The country needs to invest around USD 140 billion by FY'30, according to a Barclays report. Reuters
SummaryBarclays report suggests the country needs over 2,500 km of metro rail and 5,500 km of BRTS network.

government, metro projects will be inviable.

"Our analysis suggests that a substantial amount of property development rental rights need to be given to the concessionaire, along with viability gap funding by the government, to make the metro rail projects commercially viable," it said.

Besides, there should also be a proper regulatory mechanism with dispute resolution mechanism clearly documented.

"There should also be a proper process to assess damage and cost escalation. Cost escalation due to delay should be clearly defined, and private companies should be penalised only for the delays caused due to activities under their control," it said.

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