Metros and Railways
We have experience advising clients on several PPP projects in the metros and railways sector and various aspects of developing infrastructure projects and manufacturing facilities, particularly equipment procurement, construction, and service arrangements.
India has the fourth-largest railways system in the world, following the US, Russia, and China. As of FY21, the Indian Railways had 13,452 passenger trains and 9,141 freight trains, with a total route network of 68,103 kms. Indian Railways has logged the highest-ever electrification of sections covering 6,015 Route Kilometre (RKM) in a year from 2020 to 21. Railways is leading India’s fight against climate challenges and is taking significant steps towards its goal of becoming a net zero carbon emissions organisation by 2030. By 2024, it is expected that Indian railways will be run entirely on electricity.
According to the India Brand Equity Foundation, the sector has also witnessed strong revenue growth, reaching USD 23.30 billion in FY22 (Until March 10, 2022).
The Indian Railways have prepared a National Rail Plan (NRP) for India 2030 to create a ‘future-ready’ Railway system by 2030. The goal is to formulate strategies based on both operational capacities and commercial policy initiatives to increase the modal share of the Railways in freight to 45%.
Trilegal has a market-leading energy and infrastructure practice that works closely with market participants, including sponsors, project developers, governments, banks and financial institutions, contractors and engineering, and other consultants. As a result, we deeply understand the challenges involved in conceiving a project, constructing it, and taking it to commercial operation. Our multi-disciplinary team includes lawyers from regulatory, construction and engineering, financing, real estate, environmental, corporate M&A, and tax practices.
We have experience advising clients on various aspects of developing infrastructure projects and manufacturing facilities, particularly equipment procurement, construction, and service arrangements. We have also advised on several PPP projects in the metros and railways sector. Additionally, we work with multilateral and export credit agencies, commercial lenders, developers, sponsors, and construction companies on various forms of credit facilities, including project and equipment finance, dominated both in rupees and foreign currency.
Some of our clients in this space include –
- Reliance Infrastructure
- Saudi Aramco
- Rail Vikas Nigam
- RITES, Ministry of Railways
- Mumbai Metro Transport
- Delhi Airport Metro Express
- Delhi Rail Corporation
- MMRDA
- Balfour Beatty
- IFC
- Virgin Hyperloop One
- Alstom
- Bombardier
- SEMI
- ADB
- NIIF
