MUMBAI: Mumbai, India’s richest city is planning to invest a sum of Rs 80,000 crore in launching a high-speed urban rail network to reduce the pressure on its age-old suburban railways. This significant revamp of the city’s transport system will benefit a population of over 18 million people, as reported by NDTV.
The world’s biggest manufacturers of urban rail systems are bidding for a share of orders worth Rs 48,000 crore ($7.5 billion) for train coaches, wagons and other equipments from Mumbai, the report said.
Local units of railway systems like Bombardier Inc., Alstom SA and Siemens AG are geared up to tender for contracts to supply rail wagons, coaches, signalling devices, non-civil equipments and electrical systems. Both Chinese and Indian companies have expressed interest in the proposed project, said the report.
