Chinese companies are keen in investing in rail infrastructure projects in India, especially in mass transit projects in two cities in the southern Indian state of Kerala.
Changchun Railway Vehicle Co Ltd., on Friday officially announced its interest in participating in the proposed light metro for Thiruvananthapuram and Kozhikode. CNR had bid for the monorail project in Chennai, earlier.
A three-member team from the company was in Thiruvananthapuram to see the topography and visit the alignment fixed for the light metro.
A team of IL&FS Transportation Networks, met Kerala Monorail Corporation Ltd. (KMCL) officials. IL&FS is working out a partnership with Changchun Railway Vehicle Co Ltd, informed KMCL officials its keen interest to participate in the project only if it is in the PPP mode.
Delhi Metro Rail Corporation , which is a general consultant for the project, has submitted the detailed project report for the light metro in place of MRTS which was planned earlier but, scrapped later. The IL&FS team also visited the road corridors developed under the City Road Improvement Project by the IL&FS since this elevated light metro is proposed to come up mainly through these corridors in the capital by the DMRC.
In another development, ITNL International Private Ltd., a subsidiary of IL&FS Transportation Networks, has acquired 49 per cent equity in Chongqing Expressway Group that is constructing the YuHe Expressway.