Fate of Gurugram Rapid Metro to be decided on September 17
5 years, 3 months ago

Fate of Gurugram Rapid Metro to be decided on September 17

India TV News  

The fate of the privately-funded Rapid Metro in Gurugram will be decided on September 17 after its current concessionaire Rapid Metrorail Gurugram Ltd expressed inability to run it any further. The earlier deadline of the in the Punjab and Haryana High Court was September 9 and the court believes that both stakeholders - Haryana Shehari Vikas Pradhikaran, previously known as HUDA, and RMGL should have given some more time so that they could conclude a decisive negotiation. Chetan Mittal, senior counsel of RMGL, has said there would be time-bound handover of the project to HSVP with a commitment to pay at least 80 per cent of debt due as termination of payment to RMGL by HSVP and RMGL will work as agent rather than concessionaire of the project from September 17. After commercial operation of first phase in November 2013 and second phase in March 2017, RMGL had expected to get ridership of high-end office-goers and residents of new Gurugram living in DLF city.

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