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IL&FS arm's Gurgaon metro contract stands terminated from 9 September

Rapid MetroRail Gurgaon Limited and Rapid MetroRail Gurgaon South Limited are the two SPVs running the Gurgaon Metro Rail Project since 2013 and 2017, respectively

gurgaon metro, rapid metro, gurugram metro
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Megha Manchanda
Rapid Metro Rail Gurgaon’s contract for running Metro services stands terminated from Monday. The unit of troubled IL&FS would, however, continue to operate and manage the mass rapid transit network in Gurgaon with the Haryana Mass Rapid Transport Corporation Ltd. reimbursing insurance, operation and maintenance cost under a court directive.

Till the next date of hearing (September 17), the company would operate and manage the Rapid Metro Rail at Gurugram on both the lines, but subject to reimbursement of the insurance and operation and maintenance cost for this period by the petitioners, Punjab & Haryana High Court said on Monday. 

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