Airport Express line, Delhi

Q: I heard the DMRC has contested Reliance Infra's claim of 2, 800 crore, can anyone tell me more about this issue.

Abhishek,

28th July 2013

Real estate News in Delhi

delhi ncr

delhi

airport express

Follow Discussion

Also see discussions for

Delhi Real estate News Real estate News in Delhi

Replies (10)

This 22.7-km express line was built at a cost of R5,700 crore, including the Rs. 2,800 crore invested by Reliance Infra promoted DAMEPL, which is a special purpose vehicle between Reliance Infrastructure (95%) and CAF, Spain, (5%). The civil structure on the line was built by the DMRC and the operations and maintenance was taken over by ADAG company under a 30-year agreement. On July 7, 2012 the services on this line were suspended till the 22nd of January, 2013. This halt was due to technical

Srinivas , Chennai

31st July 2013

Comment

So what is the DMRC finally saying? And if the hearing has not yet started, are the employees’ jobs at stake?

Mahi garg, Bangalore

31st July 2013

Comment

Hello, this dispute has been handled by the Urban Ministry’s arbitration panel. It was supposed to sort out the dispute between DMRC and DAMEPL but has not yet started its hearing. And yes there are close to 11 banks led by Axis Bank.

Jerome Fernandez, Mumbai

30th July 2013

Comment

Can someone give a background of this express line?

Anuj Gupta, Mumbai

30th July 2013

Comment

Adding to the points above, the DMRC which had done its calculations now says that DAMEPL’s total claim should be R1,680 crore or like mentioned before 80% of the debt and not Rs. 2,800 crore.

David Oomen Mathews, Kochi

29th July 2013

Comment

Who is the body handling this dispute? And are there any banks involved?

Neha Srivastava, Delhi-NCR

29th July 2013

Comment

The issue is not so complex let me explain. DAMEPL which is as mentioned by my friend before is a company promoted by Reliance Infra. This company has claimed a termination payment of about Rs. 2,800 crore from DMRC, as termination payment for the Airport Express line saying it needs to be paid payment equivalent to 130% of equity.

Kaushik Bardia,

28th July 2013

Comment

Delhi Airport Metro Express Private Limited or DAMEPL is a company promoted by Reliance Infra.

Balwinder Singh,

28th July 2013

Comment

Hi. In this news there has been a lot of talk about DAMEPL, what is DAMEPL? And could you please explain a little more on the issue in detail.

Harmeet Kaur,

28th July 2013

Comment

Recently Reliance Infra had claimed an amount of Rs. 2800 crore as termination payment for the Airport Express line. So the DMRC has sent a letter to the urban development ministry stating that the claim should be 80% of the debt.

Joydeep D,

28th July 2013

Comment