DNA ( 14 Aug ) reports :
In 3
years
( between June 2014 and June 2017 ) Mumbai’s METRO 1
has ,
·
Earned….. Rs 664 crores
·
Spent…… Rs 1572 crores
Construction of this 11.4 km line was
started in 2007 and got completed in 2014
Original estimated cost of Rs 2356 Cr
ballooned to Rs 4321 Cr
Metro 1 is jointly owned by Reliance Infrastructure and
Maharashtra Govt company , MMRDA ( 26 % )
Reason advanced for this loss :
·
Was expected to carry 4.3 lakh commuters per day
·
Is actually carrying only 3.8 lakh commuters per day
There is a court
case going on between the Govt and MMOPL ( owner of Metro 1 ) re the fare
structure, with Reliance Infra claiming it has all the legal rights to fix the
fares
All of this must provide INPUTS to the
following MASS RAPID TRANSPORTATION proposals just cleared by Niti Aayog :
6 proposals involving Mass Rapid Transportation
Technologies , such as Hyperloop , Metrino, Pod Taxies , Stadler buses , Hybrid buses and Freight Rail Road, with a condition that the Transport Ministry conducts trial run of all these technologies
( - under experimentation even in advanced economies )
From where will Transport Ministry find funds for these
“ Unproven “ systems , requiring thousands of crores of rupees , and little
assurance for “ Profits “ ?
Then there are NPAs ( valued at Rs 10 lakh*crore , in Coal based power plants /
Telecom etc ), haunting the banks !
Banks reeling under these NPAs , are
unwilling to lend for :
· Untried / Untested / Un-proven technologies ( even in other countries )
· Restarting of hundreds of “ Stalled “ projects
· Take over by the private sector of Govt projects ( divestment ) , with
accumulated losses of thousands of crores , making “ Reverse BOT “ , a difficult proposition (
even if government writes off debt and give VRS to employees )
No wonder , Shri Arun Jaitleyji is
complaining that the Private Sector is not investing enough in the
Infrastructure Projects
14
Aug 2017
www.hemenparekh.in / blogs
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