This study is also published in Transport Reviews, Vol. 19 (1999), No. 2 (April-June), p. 141-156 (see IRRD E100580). Metro railways, being loss-making propositions, are generally built and operated by governments or their organisations. The need for constructing a metro railway in Mumbai has been felt for a long time but due to lack of resources the government has not been able to take any initiative. Meanwhile, travelling conditions in the city have become unbearable and unsafe. A group of private consultants has recently completed a techno-economic feasibility study for constructing and operating a metro system in Mumbai through private sector involvement. The paper briefly discusses the financial model and the funding methods recommended to render the project financially attractive for the private sector participation. (A) The French title of the paper is: "Le financement d'un métro par l'initiative du secteur privé : le métro de Mumbaï".
Samenvatting