Tuesday, June 25, 2013

Gurgaon: Ball set rolling for Rapid Metro link | Gurgaonresidential.com

Construction for the second phase of the Rapid Metro Rail Project, the first privately funded Metro project in India, has got a major push.

IL&FS Engineering on Tuesday said it has received Rs. 266.50 crore contract for the construction of elevated viaducts for the project.

The IL&FS Engineering and Construction Company Limited received a Letter of Award (LoA) for the construction of the viaduct along the Golf Course Road between Sikanderpur Metro station and Sector 56/57 near Golf Course Extension T-junction.

It would take around 24 months to complete this project, which would cost Rs. 2,143 crore.

On January 3, the Haryana government had signed the concessionaire agreement with the promoter special purpose vehicle company RMG Limited. The 6.7-km stretch would have six stations. Some of these stations would have parking lots as well.

The latest contract involves construction of single and double elevated tracks for the Rapid Metro Rail Gurgaon Limited (RMGL), an SPV formed for the implementation of the project.

However, the contract does not cover the construction of the elevated railway stations under its purview.

The company also has plans to bid for another seven-km north extension.

On the other hand, Phase 1 of the project, which involves 6.1km loop-type alignment through DLF City Phase II and III, is ready for launch but the promoters are yet to announce the date.

This project has cost about Rs. 1,100 crore and was funded by the private sector firm IL&FS group of companies and the DLF Group.

Earlier, too, consortium of IL&FS and DLF Metro Limited were the sole bidder for the RMG project.

The project would benefit people living and working in DLF City Phase I, 4 and 5.

Independent houses, floors and hi-rise gated communities in Sector 27, 28, 51, 52, 53, 54, 55, 56 and 57, Suncity, Central Park, Alchemist Hospital and corporate offices situated all along the Golf Course Road would also be benefitted.

IL&FS Rail Ltd (IRL) had also submitted qualification bid for Chennai Monorail and is looking at other opportunities in India and abroad. It has also expressed interest in the Delhi Mono Rail project.