Only Titagarh Wagons bids for leasing Metro trains
The Hindu
It is part of the CMRL’s move to cut down phase II project
Titagarh Wagons is the only firm that has evinced interest in leasing trains for Chennai Metro Rail’s phase II project.
For the phase II project, the Chennai Metro Rail Ltd. (CMRL) will both procure trains and lease them as well. The plan to lease them was mooted only because they had to cut down capital expenditure as the project cost was phenomenally high initially.
From ₹88,000 crore, the cost was trimmed to ₹80,000 crore. Yet, the Centre wanted the CMRL to see how much more it can be reduced. After months of deliberations, the project cost was brought down to ₹61,843 crore.
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