Rel Infra raises funds for Delhi Airport Express railway line
The project, which entails setting up of a high-speed (130 kmph) airport express railway connecting New Delhi with IGI airport and further till Dwarka, was awarded by Delhi Metro Railway Corporation (DRMC) to a consortium comprising RelInfra (95%) and CAF Spain (5%). CAF Spain is the technical partner and also the supplier of rolling stock. A special purpose vehicle Delhi Airport Metro Express Pvt Ltd has been incorporated to set up the project.
According to sources, the SPV has already completed major portion of design and engineering and it has awarded all major contracts. Civil construction has begun at the Dwarka depot and for tunnel, viaduct and the stations. The concession agreement was signed in August last year and the concession period is 30 years. The entire project is to be developed, financed, constructed, operated and maintained by Delhi Airport Metro Express Pvt Ltd.
The project is to be completed in 30 months with commissioning scheduled for July 31, 2010
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