Urban Affairs Secretary D S Mishra said the new law has been warranted because the paradigm in the field has changed.
"The two existing laws related to operation and maintenance, and construction, have become very old, and they were formulated when the scenario was completely different. Now the situation has changed. And, the new law would seek to address all the issues faced by metro networks," he said.
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' held at Metro Bhawan here.
"We have been working on it for the last two years. And. the legislative department (of the Law Ministry) is giving final shape, after which it will go to Cabinet as per the due procedure," he said.
Mishra also said that currently the span of all metro networks operational in the country stands at 425 km. And, another 700 kms are under construction in 13 cities, he said.
"By the end of this year, 600 km will become operational," he added.
Cabinet Secretary P K Sinha, in his address said this new platform (I-Metros) "will go a long way, if things progress in the right spirt by adopting the best practices and the latest technologies".
"The MDs, directors, would be connected. And, new technologies, new innovations can be shared. Also, we will bring in our Institute of Urban Transport, so that it can be shared in electronic mode," the Urban Affairs secretary said.
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".
Sinha also released 'The Operators Story', a publication by the World Bank and Railway and Transport Strategy Centre (RTSC), Imperial College, London, on the findings of the research on what makes metros successful.
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