Industry players expect new metro policy to lay out clear road map

Most of them bat for hybrid annuity model, exploitation of real estate around metro stations

Industry players expect that the new metro policy will lay out a clear road map and address various aspects like operations, safety, regulation, construction. Especially, when various acts such as Indian Railways Act, 1989, Indian Tramways Act, 1886 govern the sector, currently. Besides, the policy will suggest innovative financial models for the metro rail projects being highly capital intensive and make a case for a single nodal agency to address issues relating to alignment, utilities shifting, environment clearances for the time bound implementation.

Larsen & Toubro (L&T), whole time director and chief financial officer R Shankar Raman, told Business Standard,