Anil-led group to develop IGI metro

New Delhi: A consortium led by Anil Ambani-promoted Reliance Energy has received the letter of intent (LoI) to develop the Rs 4,000-crore Airport Metro Express Line connecting Ajmeri Gate in central Delhi to the Indira Gandhi International (IGI) Airport.
Reliance Energy has roped in Spanish rolling stock company CAF for the project. The IGI airport is currently being developed by Delhi International Airport Limited (DIAL), a joint venture formed by a consortium led by the GM Rao promoted GMR Group and Airports Authority of India (AAI). GMR has agreed to pay 10% of the cost for building the metro link.
The concession agreement will be signed within 60 days from receipt of letter of acceptance of the LoI, which is for design, maintenance and operation of 22-km airport metro link.
The project envisages development of India's first airport link comparable to the other mega cities across the globe like in London and Hong Kong.
22/01/08 Financial Express

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Categories: Airports Jan 2008, New Jan 2008