Govt of India to come out with Metro Rail policy: Naidu
May 14, 2017
Chennai: The government of India will make a new Metro Rail policy for future projects, in line with the government-approved National Policy on Transit Oriented Development (TOD), Union minister M Venkaiah Naidu said in Chennai today after flagging off the first underground Metro Rail service in Tamil Nadu. The new policy according to Naidu will enable innovative finance for new Metro Rail projects. It will form a mandatory requirement for all new metro projects in the country.He said the Centre has standardised critical specifications of rolling stock and signalling systems of Metro Rail for promoting standardisation and indigenisation.
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