Title - Cabinet okays extension of Metro to Gurgaon Sector 56

Chandigarh: The Haryana Government today approved the extension of the Metro link from Sikanderpur station to Sector 56, Gurgaon. The project, which is likely to be commissioned within a period of three years, will have the route length of 6.5 km and cost around Rs 2,143 crore.The approval was granted by the state Cabinet, which met under the chairmanship of Chief Minister Bhupinder Singh Hooda, said a spokesman. The project would further strengthen the much awaited Mass Rapid Transport infrastructure in Gurgaon, he added.The project has the provision of further extension of the Metro Rail towards old Gurgaon across the National Highway, which will also be taken up subsequently for the benefit of residents living on the north side of Gurgaon, the spokesman said.M/s IL and FS Rail Limited would implement the project under the public private partnership (PPP) model and the entire cost of the project would be borne by M/s IL and FS Rail Limited.The Haryana Government would provide right of way (ROW) on lease hold basis. “This is a unique model for implementation of Metro Rail projects in the country wherein not only the entire project cost will be borne by the private party but it will also be maintained and operated by the private party at its own cost,” he said.M/s IL and FS Rail Limited would also pay Rs 2,010 crore to the state government towards connectivity charges over a period of 20 years starting from 16th year from the date of signing of the concession agreement.

The private parties would also share with the state government 5 per cent to 10 per cent of the revenue generated from the property development and advertisements rights during the operation period.

The project would be a boon to the existing Metro Rail project being developed in the Cyber City of Gurgaon, the trial runs of which would take place on October 2, 2012, in the presence of the Haryana Chief Minister.