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Discuss the strategic considerations for MRT decisions with respect to planning, finance, management and pricing. Transportation Engineering urgent...

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Civil Engineering

Discuss the strategic considerations for MRT decisionswith respect to planning, finance, management and pricing.

Transportation Engineering
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3.9 Ratings (478 Votes)
A good strategic plan includes metrics that translate the vision and mission into specific end pointsThis is critical because strategic planning is ultimately about resource allocation and would not be relevant if resources were unlimited This article aims to explain how finance financial goals and financial performance can play a more integral role in the strategic planning and decisionmaking process particularly in the implementation and monitoring stage Mass Rapid Transportation systems MRTS is one of the modes of urban mobility its importance especially when cities are seen as a growth node of an economic region rises significantly as inclusive growth is determined not only by the state of transport system within a city limit but its connectivity to its periphery rather is entire zone of influence A clear appreciation of the urban context in India at this stage of her development has the potential to inform our decision on prioritizing investment towards MRTS a sector which is underinvested a Planning MRTS projects are capital intensive and often earn an unfair criticism of their being elitist To realise the vision of the Prime Minister of India aptly encapsulated in Sabka Saath and Sabka Vikaash it is important to realise the crucial role that MRTS can play in cities of India which are far from compact One of the biggest developmental challenges and quite contrary to perception held in many quarters is to address the observed phenomenon of low pace    See Answer
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