[HumJanenge] $120b Metro Scam > Modi 3X Mayawati, 40X Indian Railways

$120b Metro Scam > Modi 3X Mayawati, 40X Indian Railways

 

Can't Gujarat fund this Metro project? Yes it can but then who shall fill the demands of Corrupt Gujarat government.

 

Even more interestingly this pigmy looking project is 10 times more in potential loot than even NHAI projects exposed by SK Dubey.

 

When Mayawati allowed Rs.60 crores per kilometer for Yamuna Expressway, Modi has allowed Rs.200 crores per kilometer for Gandhinagar -  Ahmedabad Metro Railway project that is on surface for 18 km. Indian Railways cost per kilometer of track comes to just Rs.5 per kilometer.

 

Just like Mayawati representing a poor state – Modi too is funding the project from sale of land along the track 800 meters on either side.

 

Roughly 35 sq.km of area shall be delivered to Pvt Builders for development or 8750 acres.

 

At Rs.50 crores per acre as developed value per acre – it could be Rs.100 crores considering its location between Gandhinagar and Ahemdabad – the SCAM is worth at least Rs.3,00,000 crores to Rs.6,00,000 crores.

 

Modi is most corrupt considering –

 

- He connived with RIL to hoard Oil & Gas in Offshore blocks resulting in $500b worth of production loss.

 

- He backed down 60 BU of electricity to let pvt companies skim the cream.

 

- He failed to complete Narmada Canal project.

 

- He provided illegal benefits of Rs.10,000 crores to Tata.

 

Ravinder Singh

September24, 2011

 

60% of funds to come from real estate projects

 

TIMES NEWS NETWORK September24, 2011

 

Ahmedabad: A critical aspect of the Rs 3,400 crore metro rail project is that close to 60% of the funding — between Rs 2,000 crore and Rs 2,500 crore — will come from real estate development along the corridor. The urban development department will plan a policy, which involves special development regulations for areas earmarked within a specific radius of the metro corridor.

   The concept called Transit Oriented Development (TOD) means that development within 100 metres and 500 metres to 800 metres around the metro rail may accommodate high-density residential or commercial hubs. These high-density development projects will fuel the metro with people coming to work and living along the corridor.
   To make the metro rail project economically viable, a concept of the metro transporting local freight between destinations within the city is also being proposed. A similar system exists in the US. Sources claim that the metro can tap 15-18% of freight movement within the Ahmedabad, which happens on weekdays.

   Besides, senior officers at MEGA pointed out that the height of the metro rail elevated corridor would not be as high as they are in Delhi. This has been decided keeping in mind the future need of building multi-level flyovers. In addition, MEGA is planning a broad-gauge network.

Corridor space finalized

"Only two pieces of land remain to be acquired for the project," an AMC official said. "These are a plot near a CNG pump station in Ranip and a small piece of land near a heritage structure under the Archaeological Survey of India (ASI) in Paldi." The total metro route will be 32.65 kilometres while the Gandhinagar–Koba circle will be 18 kilometres, he said.