IL&FS and Adani Group Shown Interest For Investing In The Metro Rail Projects In Agra, Kanpur & Meerut

IL&FS and Adani Group Shown Interest For Investing In The Metro Rail Projects In Agra, Kanpur & Meerut

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Date Of Post: 01 Feb, 2018

Agra: The IL&FS and Adani Group are among other companies which have shown interest in investing in Metro rail projects in Agra, Kanpur & Meerut. Both companies had expressed interest, primarily in Agra & Kanpur PPP (Public-Private Partnership) Metro projects and that the government was in talks with them, Mukul Singhal Principal secretary, urban planning & textiles, said.

More Information:

  • He said, we are expecting investments of Rs 1,500 crore in the field of infrastructure development, but if even one Metro projects goes under PPP, we are looking at an investment of Rs 15,000 crore for a single project.
  • There are some 2 to 3 companies that are seriously considering the projects and are doing their due diligence at present.
  • He said, in the talks we have had so far with IL&FS and the Adani Group, we have primarily discussed the Kanpur & Agra Metro projects.

    Image Credit: Nooralammalik1977 – Wikimedia Commons

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