http://www.financialexpress.com/fe_full_story.php?content_id=123712
Uniform law to regulate Metro rail
RAJAT GUHA
Posted online: Friday, April 14, 2006 at 0053 hours IST
NEW DELHI, APRIL 13: The urban development ministry has decided to
introduce a common act governing all the Metro rail transit systems in the
country. At present, there is no common Central act governing the operations
of Metro. The Delhi Metro has adopted the Calcutta Metro Act.
According to sources, the group of ministers (GoM) has cleared the proposal
for a common Central act. The urban development ministry has written to the
law ministry, seeking advice on the proposal.
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Sources in the urban development ministry are also of the view that the
pretense of a uniform law for the Metros in the country will enable the
projects merit more financial assistance from international financial
institutions like the World Bank, Asian Development Bank and the Japan Bank
for International Cooperation.
“It will also help bolster confidence among the banks to expedite their
financial support for Metro projects,” said an official.
The uniform act will also help the Metros operate within and outside the
municipal areas alike.
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