Reliance Infra pulls out of Delhi Airport Metro

Reliance Infra, which runs the Delhi Airport Metro line, has refused to operate it beyond June 30, a notice rejected by Delhi Metro Rail Corporation (DMRC) Friday which termed it as a 'violation' of the Concession agreement and the ongoing arbitration proceedings.

However, if Reliance Infra does not operate it, DMRC will step in and run it, DMRC Chairman Sudhir Krishna said.

Reliance Infra owned Delhi Airport Metro Private Limited (DAMEPL) has written a letter on June 27 expressing its inability to continue operations from the night of June 30.

The statement by Sudhir Krishna, Secretary, Urban Development Ministry and Chairman, DMRC, said “the Board decided to reject the notice and call upon them to continue the operations of the line in terms of the Agreement. If, however, they do not do so, DMRC shall step in and operate the line in larger public interest.

The Airport Metro line, which is the country’s first Public Private Partnership (PPP), has had a tumultuous run beset with controversies after it began operations in February 2011.

Source: Firstpost