Yeah, about the IL&FS debacle, I am not sure how much public information was there. But it seems there was enough info about their balance sheet and current state to disqualify them anyway from ORR tendering. I cant imagine how the SG did not know about it even if the retail investor didn't. Or were they hoping against hope that somehow IL&FS will hobble through the ORR lines at cheap rates anyway and get some shabby line done. I wonder how much difference is there between IL&FS and the next bidder. They should go for accelerated tendering and finalize in 2 months if possible at all.
Also, how much truth is there in the statement that the SG has no money for the ORR metro and needs corporate assistance. I mean the large number of commercial and residential establishments pay large property taxes right. They seem to have had enough money for the metro lines for the landlords sitting in North Bangalore, munching on their multiple corporate and residential properties' rent money from the South.
Also I don't get why the SG doesn't try more aggressive solutions, if they are totally incompetent in everything else. They could restrict influx of vehicles from the surrounding areas and complexes from 8 to 11 except emergency vehicles. And dedicate one lane to buses from the gained space. Let them try that for a month. There is going to be a big hue and cry but the SG should be able to handle it. The traffic is bad enough for extraordinary measures.
Unfortunately such a step will be scuttled by the car industry lobby and logistics and real estate mafia. The wont be able to run their logistics and construction trucks either(or there will be a even bigger hue and cry at the sheer injustice of it)
I think the success of the auto industry has been a curse on our cities. In all other big cities of the world they tax car ownership highly and that reduces the number of cars on the road. Or they restrict vehicle movement which disincentivizes car ownership. Try that in India and the car makers will be on the govt's case the next minute. I wish we had success in the consumer electronics industry instead