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urban development
07:10
Showing posts with label urban development. Show all posts
Showing posts with label urban development. Show all posts
Thursday, 15 June 2017
Saturday, 29 October 2016
urban development
18:57
Mumbai Metro News
Mumbai Metro News
State Govt. approves 118km Metro routes to connect Mumbai suburbs
Mumbai: The Maharashtra Urban Development (UD) Department has approved 118km of Metro lines, which will connect various parts of the Mumbai suburbs. The move is aimed to ease traffic congestion.
According to the department notification, the government has approved following lines: Dahisar-DN Nagar (27km), Bandra-Mankhurd (13km), Wadala-Ghatkopar-Thane-Kasarwadavali (22km), Wadala-RA Kidwai Marg (8km), Dahisar (E)-Andheri (E) (18km), Andheri (E)-Bandra (E) (9km) and Jogeshwari-Vikroli Link road (11km).
The Mumbai Metropolitan Region Development Authority (MMRDA) will undertake this work, while the Delhi Metro Rail Corporation (DMRC) will work as an advisory for the finalised Metro routes. The estimated cost for the Metro-II route (Dahisar-Charkop-Bandra-Mankhurd) is Rs10,986 crore, while Metro-IV route (Wadala-Ghatkopar-Mulund-Thane-Kasarvadavli) will cost an estimated cost Rs14,549 crore.
The Government has also approved the decision of raising loans for these approved Metro lines from the Asian Development Bank (ADB). In addition, MMRDA can also take loans from the World Bank or any other internationally approved bank. The Government will not take any responsibility of repaying the loan.
Moreover, the Government and semi-Government agencies will have to rent the land under them to the MMRDA for development of the Metro lines, at a reasonable rate. If it requires to acquire the land permanently, the acquisition will be done as per the new Land Acquisition Act, 2013.
A senior UD official said the Maharashtra Government has declared Metro an important and urgent project, so that various approvals required from the Central and Western Railways could be sought on an urgent basis.
“The Metro project has to be completed within the stipulated time. The State Government will provide power for the project at a reasonable rate. The Government has also decided to have an integrated transport system,” added the official, requesting anonymity.
He further said that during the development of these Metro lines, innovative traffic diversion will be done. “People should not suffer because of the project. We will sit with the traffic department officials and do innovative traffic diversion, so that the Metro work can carry on smoothly,” he said.
Source:Metro Rail news
Friday, 18 September 2015
urban development
06:30
Railway Industry seen as China’s Next Major Economic Driver
Railway Industry seen as China’s Next Major Economic Driver
Beijing: Urban development and the development of city clusters bolstered by the construction of high-speed railway and subway lines is expected to lay the foundation for a second economic take off in China, reports the Shanghai-based China Business News, citing a transportation official.
Construction of railway systems will play an even bigger role than the property market in China’s economy as the country will need to build more than the 6,000 kilometers of rail networks under its 12th Five Year Economic Development Plan, said Wang Ming, director of the Institute of Comprehensive Transportation under the National Development and Reform Commission (NDRC).
To date, 39 cities around the country have met the stipulated criteria for subway construction and by 2020, China’s total subway network will extend to 6,000 km, while an estimated 4 trillion yuan (US$625 billion) will be invested in urban subway construction, Wang said at a recent transport forum.
The railway construction market is estimated at 10 trillion yuan (US$1.57 trillion), according to Wang.
With the acceleration of urbanization, urban transit systems will be a natural solution to traffic congestion, not only in first-tier cities but also in second- and third-tier cities, said Li Guoyong, an NDRC official.
The urbanization rate is expected to exceed 60% by 2020 and the number of cities with a population of more than 1 million will rise to more than 200 during that period, the official said.
Therefore, the government will speed up construction of the railway systems in cities to improve urban traffic flow, said Li Puming, a spokesperson at the NDRC.
Investment in urban rail transit this year is expected to reach 300 billion yuan (US$47 billion), exceeding last year’s 285.7 billion yuan (US$45 billion), Li Puming added. The criteria that qualify cities for an urban transit system include a population of over 3 million and a GDP of more than 100 billion yuan (US$15.7 billion), according to the guidelines on the development of urban rapid rail transit systems, which were issued by the State Council in 2003.
