Market Update - 16/11/2013 Indias first rapid metro begins operations in Gurgaon Indias first private Rapid Metro started operations in Gurgaon, Haryana, on Thursday morning, using a common ticketing system with Delhi Metro. The countrys first fully privately-financed developed metro system has been launched in the public-private partnership mode. It was built at a cost of nearly Rs 1,100 crore and took 30 months to reach the present stage. In what is expected to change the landscape of Gurgaon, which borders Delhi, the rapid metro connects with Delhi Metros Yellow Line from Sikanderpur station in Gurgaon. The frequency will be one metro train every four minutes. The fare value will be Rs 12. The fare structure of Rapid Metro is integrated with the more popular Delhi Metro, which links the capital - both with Gurgaon (Haryana) and Noida and Vaishali (Uttar Pradesh). Those holding Delhi Metro Smart Cards can seamlessly use the Rapid Metro. The launch of Rapid Metro will boost connectivity within Cyber City, the corporate and retail hub of Gurgaon. Nearly one lakh people work or visit the hub each day. A day before the operations began, IL & FS Rail MD and CEO Sanjeev Rai said the Rapid Metro, with an elevated route and six stations (currently five), can carry 800 passengers in each trip. It is expected that about 30 per cent of existing road traffic will move to Rapid Metro, thereby reducing travel time and traffic jams for commuters on Delhi - Gurgaon Expressway, Rai said. Source: BT
Posted on: Sat, 16 Nov 2013 04:40:33 +0000
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