Haryana Government Approves the Formation of Gurugram Metro Rail Limited

The proposed firm will be a joint venture between the Government of India & the Government of Haryana.

0
282
Gurgaon – Faridabad Metro Metro
Representataional Image
Advertisement

HARYANA (Metro Rail News): The government of Haryana has officially approved the formation of Gurugram Metro Rail Limited on the pattern of DMRC. 

Jurisdiction 

Gurugram Metro Rail Limited (GMRL) has been entrusted with undertaking the Gurugram Metro extension project, encompassing a 28.5km loop stretching from Millennium City Centre to Cyber City Gurugram.

Authorised Capital 

The GMRL will be endowed with an initial authorised capital of ₹20 crore, with Haryana securing a 50% stake valued at ₹ 10 crore.

The Body 

The Managing Director of Haryana Mass Rapid Transport Corporation Limited would also serve as the Managing Director of the  GMRL, representing the Haryana government as one of the directors of the special purpose vehicle. Joining them on the board will be the Administrative Secretary and DTCP in-charge, the GMDA CEO, and the Municipal Corporation of Gurugram Commissioner.

Approval From the Central Governmnet 

Approval from the central government on the same remains pending. 


Discover the endless possibilities of our city’s Metro at InnoMetro, our flagship Expo and Conference. Be an active participant in shaping its future towards a more sustainable tomorrow. Stay informed and join us to take a step towards a brighter future

Daily Updates from Metro & Railway

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.