Metro Rail News Online

Mumbai: A joint venture of Reliance Infrastructure (RInfra) and Astaldi SPA awarded a contract worth Rs 1,584 crore by Mumbai Metropolitan Region Development Authority (MMRDA) for construction of North-South Metro Corridor of Mumbai Metro line-4. In an official statement Reliance Infrastructure said, “RInfra EPC has received the Letter of Award from Mumbai Metropolitan Region Development Authority (MMRDA) for three packages worth Rs 1,584 crore for construction of North-South Metro-4 corridor which will run between Kasarwadavali in Thane and Wadala.” “Reliance Infrastructure and Astaldi had jointly participated in the bid for engineering, procurement and construction (EPC) contracts for five packages. The scope of work includes part design and construction of elevated viaduct and stations (excluding architectural finishing and pre-engineered steel roof structure of stations) of Mumbai Metro Line – 4. This includes entry and exit structures of t...

Mumbai: A joint venture of Reliance Infrastructure (RInfra) and Astaldi SPA awarded a contract worth Rs 1,584 crore by Mumbai Metropolitan Region Development Authority (MMRDA) for construction of North-South Metro Corridor of Mumbai Metro line-4. In an official statement Reliance Infrastructure said, “RInfra EPC has received the Letter of Award from Mumbai Metropolitan Region Development Authority (MMRDA) for three packages worth Rs 1,584 crore for construction of North-South Metro-4 corridor which will run between Kasarwadavali in Thane and Wadala.” “Reliance Infrastructure and Astaldi had jointly participated in the bid for engineering, procurement and construction (EPC) contracts for five packages. The scope of work includes part design and construction of elevated viaduct and stations (excluding architectural finishing and pre-engineered steel roof structure of stations) of Mumbai Metro Line – 4. This includes entry and exit structures of t...

New Delhi: Reliance Infrastructure said on Tuesday that the Delhi High Court has directed the  Delhi Metro Rail Corporation (DMRC) to take over the servicing of all debt liabilities of  Delhi Airport Metro Express Pvt Ltd (DAMEPL) amounting to Rs 1,618 crore. The company said 11 banks, who had lent to DAMEPL to run the Delhi Airport Metro Express line, will benefit from the latest High Court order. According to RInfra statement, “The division bench of Justices Sanjiv Khanna and Chander Shekhar passed the interim order on the Section 37 application filed by DMRC. As per the order, DMRC will have to start servicing the DAMEPL debt to 11 banks who had lent to the infrastructure major’s subsidiary to run the Delhi Airport Metro Express line”. The DMRC had challenged a March 6, 2018 Delhi High Court single judge order upholding the Rs 5,300 crore arbitral award, including interest, in favour of DAMEPL. Late last month, the Delhi High Court had dir...

New Delhi: Reliance Infrastructure said on Tuesday that the Delhi High Court has directed the  Delhi Metro Rail Corporation (DMRC) to take over the servicing of all debt liabilities of  Delhi Airport Metro Express Pvt Ltd (DAMEPL) amounting to Rs 1,618 crore. The company said 11 banks, who had lent to DAMEPL to run the Delhi Airport Metro Express line, will benefit from the latest High Court order. According to RInfra statement, “The division bench of Justices Sanjiv Khanna and Chander Shekhar passed the interim order on the Section 37 application filed by DMRC. As per the order, DMRC will have to start servicing the DAMEPL debt to 11 banks who had lent to the infrastructure major’s subsidiary to run the Delhi Airport Metro Express line”. The DMRC had challenged a March 6, 2018 Delhi High Court single judge order upholding the Rs 5,300 crore arbitral award, including interest, in favour of DAMEPL. Late last month, the Delhi High Court had dir...