亚博体育官网首页

PIB approves Surat Metro Rail Project
PORTS & SHIPPING

PIB approves Surat Metro Rail Project

In order to enhance the public transport for the Diamond City, the Public Investment Board (PIB) has approved the Surat Metro Rail project at a cost of Rs 121.14 billion, with two corridors of 40 km length from Sarthana to Dream City & Bhesan to Saroli in the first phase.

The proposed project is reportedly sent to the finance department and the Union cabinet for final approval as a formality. Once an approval is received, work is likely to start soon. The project will be reportedly completed by 2021-22 from the day work starts.

Including underground stations, Surat Metro project is expected to have 38 stations, of which the Surat Municipal Corporation (SMC) plans to construct five elevated stations at a cost of Rs 1.11 billion on public-private-partnership (PPP) model.

That said, the Dream City company would construct a station at the cost of Rs 312 million. The other station to be developed on PPP model include Rupali Canal, Althan Tenement, Aquarium and Athwa Chowpaty.

The metro project is expected to reduce the load of traffic. The route from Sarthan to Dream City is expected to provide a seamless transport to hundreds of diamond workers living in Varachha and Katargam to Surat Diamond Bourse, while the second route, from Saroli to Bhesan, will provide an alternative means of transport to a large working-class population who travel between west zone and Udhna.


In order to enhance the public transport for the Diamond City, the Public Investment Board (PIB) has approved the Surat Metro Rail project at a cost of Rs 121.14 billion, with two corridors of 40 km length from Sarthana to Dream City & Bhesan to Saroli in the first phase.The proposed project is reportedly sent to the finance department and the Union cabinet for final approval as a formality. Once an approval is received, work is likely to start soon. The project will be reportedly completed by 2021-22 from the day work starts.Including underground stations, Surat Metro project is expected to have 38 stations, of which the Surat Municipal Corporation (SMC) plans to construct five elevated stations at a cost of Rs 1.11 billion on public-private-partnership (PPP) model.That said, the Dream City company would construct a station at the cost of Rs 312 million. The other station to be developed on PPP model include Rupali Canal, Althan Tenement, Aquarium and Athwa Chowpaty.The metro project is expected to reduce the load of traffic. The route from Sarthan to Dream City is expected to provide a seamless transport to hundreds of diamond workers living in Varachha and Katargam to Surat Diamond Bourse, while the second route, from Saroli to Bhesan, will provide an alternative means of transport to a large working-class population who travel between west zone and Udhna.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement