Deadline: five years for Agra Metro completion
Efforts are on to attract multi-billion-dollar investments from all over the world to improve India’s infrastructure, said Prime Minister Narendra Modi at the inauguration of construction work on 29.4-km Agra Metro.
Speaking on the occasion on 7 Dec 2020, Modi said his government has ensured the necessary funds at the start of the new projects as one of the major problems of the country’s infrastructure sector has been that projects were announced but not much attention was given to where the money would come from.
More than Rs.100 lakh crore will be spent under the National Infrastructure Pipeline Project while work is also being done on the Multi-modal Connectivity Infrastructure Master Plan, said Modi.
He pointed out that work on 1,000 km metro lines is progressing expeditiously in 27 cities. The development of cities work has been done at 4 levels – Resolution of long-standing problems, Ease of living, Maximum investment, More use of modern technology.
He also highlighted a trust-gap between the builders and the home buyers where people with some wrong intentions brought disrepute to the entire real estate sector, upsetting the middle class. As such, Real Estate Regulatory Act (RERA) was introduced to remove this problem.
Some recent reports show that after this law, middle-class homes started getting completed quickly, noted the Prime Minister, appreciating that all-round development from modern public transport to housing is going on to make life in cities easier.
The Rs.8,379.62 crore environment-friendly Mass Rapid Transit System will be completed in five years and will benefit 26 lakh people of Agra city and cater to more than 60 lakh tourists who visit Agra every year.
The 2-corridor metro is to connect major tourist attractions like Taj Mahal, Agra Fort, Sikandra with railway stations and bus stands.
India is now ranked 34 in Travel and Tourism Competitiveness Index, an improvement from 2013’s 65. #investment #infrastruture #funding #banking #projects #tenders /fiinews.com
