Delhi Airport Metro Express, an
SPV floated by Reliance Infrastructure has raised Rs 2,500 crore for building
the airport metro express line connecting the heart of the capital with the
international airport.
The 23 km project is expected to
cost Rs 2,885 crore with a debt-equity ratio of 70:30. Axis Bank, IIFCL and UCO
Bank have financed 40 per cent of the project cost while six other banks have
lent the remaining 60 per cent.
Reliance holds 95 per cent stake
in the project with its technical partner from Spain, CAF, owning the remaining
equity. The consortium is implementing the metro-link project on BOOT basis and
it is scheduled to be commissioned in 2010 ahead of the Commonwealth Games.
Also See:
DMRC on track to connect Commonwealth
games venues (05-JAN-09)
Related Links:
Project profile