Hindsight: While the Indian Railways has shown rise in earnings, project execution has languished. Even the railways´ marquee projects, such as DFCs and modernisation of railway stations are running well behind their original timelines. Steps towards PPP have also not yielded results with the flagship project Mumbai Elevated Corridor having put on hold after inviting qualification request from bidders. Metro rail projects fared better in Chennai, Bangalore, Jaipur and Hyderabad.
Government change: Any change is welcome as it normally brings in fresh ideas and policies. However, medium and long term benefits largely depend upon the performance and policies.
Narendra Modi factor: I would not like to say that [transformation] will happen only if Mr Modi becomes PM. The BJP as a party has a track record of planning and implementing infrastructure projects. The NHDP was their brainchild and the Delhi Metro Rail Corporation was set up jointly by the government of India and government of Delhi in, 1995, when the party was in power in Delhi. So it is only right to expect that infrastructure will get the much needed focus in the party comes to power in 2014.
Sunil Srivastava, Managing Director, Barsyl, an urban rail consultancy