Reliance Energy in consortium with CAF of Spain has been awarded the Airport Metro Express Line, Delhi project on BOOT basis for a concession period of 30 years. The proposed 22.7 km of high speed metro rail link shall connect New Delhi railway station and New Delhi international airport through connaught place.
The project has been awarded by Delhi Metro Rail Corporation (DMRC) through an international competitive bidding process. The estimated project cost for is about Rs 2,500 crore; the project is scheduled to be operational in July 2010.
Reliance Energy is already implementing the Mumbai Metro Line 1 Project (Versova – Andheri – Ghatkopar) in Mumbai in association with Mumbai Metropolitan Region Development Authority (MMRDA); in the Metro Sector. Mumbai Metro Line 1 and Airport Metro Express Line, Delhi are the only Projects to be undertaken on a PPP framework.