IL&FS starts operations of India's first fully privately financed metro system

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IL&FS starts operations of India's first fully privately financed metro system

Mr. Sanjiv Rai, Managing Director & CEO, IL&FS Rail Ltd. on November 14th, 2013 announced the start of commercial operation of India's first fully privately financed metro system - Rapid Metro Gurgaon.

Rapid Metro Gurgaon line will have five fully automated trains with a frequency of 4 minutes will be running between the 6 stations (currently 5 stations) with each train carrying over 800 passengers on each trip. Siemens is the O&M contractor of the rail line, according to IL&FS' website.

The launch of Rapid Metro Gurgaon will boost connectivity within Cyber City which is the corporate and the retail hub of Gurgaon. It is expected that about 30% of existing road traffic will move to Rapid Metro thereby reducing travel time and traffic jams for the commuters on the NH-8, Gurgaon & Delhi.

Inaugurating the Rapid Metro, Mr. Sanjiv Rai, Managing Director and Chief Executive Officer, IL&FS Rail Ltd. said:

"We are proud to announce the start of commercial services of Rapid Metro Gurgaon. The aim of building the metro network was not only to provide easy access to inter-city commuters but also provide a world class transport system to the residents of the Millennium City. We assure our riders that we will continue to provide them with the best of our services in many more times to come".

The total length of the line is 1.2 km on double track and 3.7 km on single track comprising six stations.

Haryana Urban Development Authority (HUDA) granted in 2009 a consortium of ITNL Enso Rail Systems (IERS), DLF and IL&FS Transportation Networks (India) Ltd (ITNL) the concession for a period of 99 years for financing, design, construction, procurement, installation, commissioning, operation and maintenance of all systems required for successful project.

The project had an investment of around US$220 million (2010 US$).

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