Metro projects to generate Rs 80,000-cr business opportunities for construction cos: ICRA

The domestic metro rail projects will provide business opportunities worth Rs 80,000 crore for construction companies over the next five years, according to ICRA.

In India, 15 cities have operational metro networks of about 746 km (many of which are undertaking expansion), the agency said adding another seven cities have under-implementation metro projects of about 640 km.

This is apart from 1,400 km of metro rail projects worth Rs 2 trillion in the approval/proposal stages, of which a 352-km of new metro network has been approved, with the balance being in the proposal stage.

Metro rail projects offer Rs 80,000 crore business opportunities to construction firms over the next five years, it said.