A consortium led by ADA Group firm Reliance Energy has emerged as a preferred bidder for the Rs 2,500-crore (Rs 25 billion) project to construct a high-speed metro link to connect IGI Airport with New Delhi railway station.
According to sources, Delhi Metro Rail Corp (DMRC) has issued a letter to the consortium stating that it has been shortlisted as the preferred bidder for the project, which would be executed on a build, operate and transfer basis.
When contacted, REL spokesperson declined to comment. DMRC spokesperson said: "The tendering process is still on. We do not want to comment."
Sources said that before the issuance of letter of acceptance, negotiations needed to be carried out between DMRC and REL-led consortium on various issues including appointment of project heads, setting up of two 66 kv sub-stations and emergency arrangements for power.
The utilisation of retail space and property development on depot land also needed to be deliberated upon, the sources added.
Partners in the REL-led consortium include Spain's CAF. Reliance Energy scrip closed 2.73 per cent up at Rs 1,934 on the Bombay Stock Exchange on Thursday.
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