Page 11 - TrafficInfratech Magazine Feb - Mar 2020

NEWS

Government’s $15 Bn infra funding plan Electric two-wheeler
taxis in Karnataka
he government is all set to raise worked with state governments, private
$15 billion or Rs 1 lakh crore that investors & private project promoters he Karnataka government has
Twill be spent over five years for the and shortlisted over 6,400 projects under proposed using electric two-
infrastructure sector. In a recently held the National Infrastructure Pipeline,” she Twheelers as taxis on Bengaluru
press conference, Nirmala Sitharaman, said. roads, potentially leapfrogging
Union Finance Minister, Government Reducing NHAI regulations around using petrol-
of India told TrafficInfraTech that the powered bikes as taxis in the state.
government’s commitment towards borrowing limit… The electric bike taxi project aims to
attracting investment and public When asked about reducing funds for improve last mile connectivity of public
spending is out. The government is NHAI, Sitharaman replied, “You must transportation.
allocating nearly Rs 22,000 crore ($3 also equally recognise the fact that Rs
billion) for two infrastructure funding 103 lakh crore worth of projects for
agencies – National Infrastructure infrastructure have been announced.
Investment and IIFCL. “With the We have given special fiscal concessions
allocated funds, these two agencies will for sovereign funds, which have
leverage the primary market at least 6-7 shown an interest to come and invest
times or 8-9 times if the investors are in infrastructure. Also, the particular
generous, which will help them to raise lock-in condition saying that you will
have to invest by 2024 for infrastructure
funds to Rs 1 lakh crore,” she added.
creation. So that one reduction because
However, Sitharaman assured the we told NHAI they can also raise fund
investors that the government is also does not in any way undermine these
happy to front-load the funds whenever announcements that are towards
necessary to make this country a $5 building better, bigger and long term
trillion economy. “We have closely investments.”

Double-Decker corridor on
Mumbai Metro Line 9

etting inspiration from the Nagpur
Metro model, the Mumbai Metropolitan
GRegion Development Authority is now
planning to build a double-decker corridor
on the stretch of Kashimira road (Metro Line
9 Dahisar – Bhayandar)) by 2022. The new
model will provide a double-decker viaduct,
where flyovers for automobiles will be built on
the first level and the metro line will run on
the second level of the route. The corridor will
have a multi-layered transport facility with the
metro line on the upper deck and a flyover on
the lower deck above the existing road.
The Mumbai Metro-9 will provide inter-
connectivity among the existing Western
Express Highway, Western Railway, Mumbai
Metro Line 2A (Dahisar – DN Nagar) and Metro
Line-7 (Andheri East to Dahisar East).

www.trafficinfratech-com-500653.hostingersite.com February-March 2020 / TrafficInfraTech 11