Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

L&T Metro Rail Hyderabad may invoke force majeure to extend operations

Tuesday, 11 Aug 2020
Share this on :

With uncertainty still looming over resumption of Metro rail services, Larsen & Toubro (L&T) Metro Rail (Hyderabad) may invoke force majeure clause with the Telangana government.

The company might seek extension of the concession period equivalent to the time it could not operate due to the lockdown.

The concession period of the project is 35 years from the appointed date of 5 July 2012, including the initial construction period of five years.

This is extendable for a further period of 25 years, subject to fulfillment of certain conditions by the special purpose vehicle (SPV) as set out in the concession agreement.

The L&T Metro Rail (Hyderabad) has already submitted project cost overrun details to the state government for Rs 3,756 crore and has been pursuing the matter with the government for providing relief.

The original cost at the time of conception was Rs 16, 375 crore which has now crossed Rs 20,000 crore.

Metro Rail operations in the city came to a standstill from 22 March 2020 due to the lockdown announced by the Centre to contain the spread of Coronavirus.

The concession agreement includes construction of 71.16 km of elevated Metro rail corridor and rights for real estate development of 18.5 million sq ft, with strategically located land parcels interspersed in prime city locations adjoining Metro stations and corridors.

 

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services