IL&FS gets Gurgaon Rapid Metro contract

Rapid MetroRail Gurgaon Limited has awarded a Rs. 2100 crore contract to a consortium of IL&FS Transportation Networks Ltd and its subsidiary IL&FS Rail Ltd for extending the Rapid Metro Rail of Gurgaon by 6.5km towards the southern parts of the city. The extension will have 6 metro stations which will be covered in about 18 minutes. The project which is estimated to cost around Rs 2,100 crore has a concession for a period of 98 years and is expected to be completed in 2015. The Haryana government will provide the required land for the project which will be executed on a design, build, finance, operate and transfer (DBFOT) basis by IL&FS. The consortium is already executing a 5-km Metro rail system connecting Sikanderpur Metro station of Delhi Metro to Cyber city and NH-8 in Gurgaon.