BENGALURU: The budget proposal to enact a new Metro Rail Act to facilitate greater private participation and investment in construction and operations of Metro projects was welcomed by Bangalore Metro Rail Corporation Ltd Managing Director Pradeep Singh Kharola.
“We have been eagerly waiting for the new Metro Act. The one that is being followed presently was introduced years ago and many developments have taken place in the Metro across the country since then,” he said.
The Metro Railway (Operation & Maintenance) Act was introduced in 2002 and a few amendments have been introduced over the years. The budget also proposed a new Metro Rail Policy in order to open up job opportunities for the youth. Another Metro official said, “It will focus on innovative financing.
BMRCL has already gone that way by choosing this mode of financing for our new line linking K R Puram and Silk Board.”
Metro officials said further details on the Act and the Policy were awaited.