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Increasing population and traffic forces government to announce new metro rail projects

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India’s congested cities are awarding new rail projects at a record rate, creating a boon for companies such as Siemens to Larsen & Toubro Ltd in a sector forecast to offer $5.8 billion worth of orders next year.

India currently has about 300 km (186 miles) of operational metro track laid across seven cities in a country with an urban population of 400 million, a network that is smaller than the size of London’s Tube network which serves a city of nearly nine million.

In a bid to boost public transport, Prime Minister Narendra Modi’s government last week said it would boost the budget to expand the Delhi metro by almost a third on the previous year, as well as provide more funding for other state authorities.

Read more at : http://www.businessinsider.in/Increasing-population-and-traffic-forces-government-to-announce-new-metro-rail-projects/articleshow/51323702.cms

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