Transportation
around that got benefited.
A major problem in PPP mode of financing has been identi- fied as the short lending and repayment schedule of the do- mestic private sector funding. An infrastructure project like metro would need at least a 30 year repayment schedule as the returns from the project is slow. Therefore, even the World Bank’s private sector lending arm International Finance Cor- poration (IFC) ran into prob- lems in countries like Thailand. Involving the local civic bodies in rapid transport project plan- ning and funding has proved to be innovative. The Panel in the session comprised Ms. Anita George of IFC, Mr Anil Mot- wani of ADB, Manila and Mr
20 GIREM 101
Dhruba Purkayastha, President and CEO of Feedback Infra.
The BRTS (Bus Rapid Trans- port System) got conflict- ing appraisal as the concept worked very well for the Ahmedabad urban area, Guja- rat while it flared up controver- sy in Delhi. However, Mr Gur- prasad Mohapatra, Municipal Commissioner and Chairman of the Ahmedabad Janmarg Ltd explained that adoption of modern signaling and man- agement would bring in the desired benefits. Mr Natwar Singh Shekhawat, Senir Vice President of of the Reliance Metro that successfully built the super state of art Delhi Airport Express Metro route said linkages all modes and
systems of transportation was crucial for successful urban transportation. He bemoaned that the government owned Delhi Metro Rail Corporation (DMRC) did not provide station linkage to the Reliance Airport Express Metro at busy link stations at Connaught Place (Rajiv Chowk) and Dhaula Kuan stations. As a result the passenger accessing the Delhi airport line from these stations have to struggle with the heavy travel baggages.
Development of an Mass Raid Transport System (MRTS) must strike a balance between user convenience, environmental damage and long term ben- efits. (END). (Words 1100).
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