GMRL sends rRs.r1,409 cr revised phase 2 metro tender to World Bank
India, June 29 -- The Gurugram Metro Rail Limited (GMRL) has sent a revised, scaled-down tender proposal worth over Rs.1,400 crore to the World Bank for the civil construction of its phase two corridor from Sector 9 to Cyber Hub, officials aware of the development said.
Under the fresh proposal, the metro corporation will construct the railway track and stations along the stretch, but has excluded electrical traction equipment and designing work from the tender's scope. The move comes as GMRL looks to secure additional funding of around Rs.1,600 crore from KfW Development Bank, a German state-owned financier, which conducted an appraisal of the project last week, as per a press note issued by the GMRL.
A senior GMRL official said the re...
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