Reliance Energy bags DMRC airport link
AAs already reported in Projectmonitor (December 10-16, 2007)
much before the official announcement was made, a consortium of Anil Ambani-controlled
Reliance Energy and Spanish railway rolling stock company CAF has bagged the
mandate to operate and manage the 22.7-km underground railway link between New
Delhi Railway Station and the Indira Gandhi International Airport, for a 30-year
period. The consortium would pay Rs 51 crore in the first year. In the
subsequent years, it would pay an additional five per cent per annum on a
compounded basis for the remaining period of the contract.
Other contenders in the fray included IL&FS with Bombardier, Siemens
Transportation with Gammon India, and Larsen & Toubro with GE Transportation.
The Delhi Metro Airport Line is part of the under-construction Delhi Metro Rail
Project (Phase-II). The line assumes significance since it is for the first time
that Delhi Metro Rail Corporation will be using the concessionaire approach.
While the underground tunnel and the associated stations will be constructed by
DMRC using the EPC contract route, the management of the railway service will be
done by a private sector concessionaire.
[January 28 - February 3, 2008]