Now Reading: Delhi Metro forms overseas arm as Israel, Egypt, Kenya seek metro tie-ups
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Delhi Metro forms overseas arm as Israel, Egypt, Kenya seek metro tie-ups
Delhi Metro forms overseas arm as Israel, Egypt, Kenya seek metro tie-ups
Israel, Egypt and Kenya have approached the Delhi Metro Rail Corporation for possible metro collaborations, Managing Director Vikas Kumar said in an interview to Millennium Post. DMRC has formed a separate company,…
The Story in Brief
Israel, Egypt and Kenya have approached the Delhi Metro Rail Corporation for possible metro collaborations, Managing Director Vikas Kumar said in an interview to Millennium Post. DMRC has formed a separate company, Delhi Metro International Limited, to aggressively pursue overseas projects. Revenue from abroad will help fund refurbishment of Delhi's ageing metro network, parts of which are over two decades old, Kumar added. DMRC currently provides consultancy and operations support in Dhaka and has secured long-term O&M contracts for Mumbai and Chennai metros. It also supports systems in Patna, Noida, Gurugram and Jaipur. Kumar said DMRC's 90 km of driverless metro operations give it a key advantage in winning international business.
The Indian Opinion
The international interest in DMRC's expertise is flattering, but the urgency behind the new overseas arm is prosaic: the Delhi Metro is ageing and needs money for refurbishment. Taxpayers should note that approaches from countries like Kenya have not yet turned into contracts. The real test for DMIL will be converting these expressions of interest into actual revenue that can fund the mid-life upgrades needed for a network that opened in 2002.
Source: millenniumpost.in
This story was synthesised by AI from the source linked above.
