IL&FS Transportation Networks has commenced commercial operation of Metro Link from Sikenderpur to Sector 56 in Gurgaon, Haryana with effect from March 31, 2017. The project has a concession period of 98 years and allows the concessionaire to collect and appropriate fare and non-fare revenue from the project during concession period.
The Rapid MetroRail Gurgaon South Extension project was awarded by The Haryana Urban Development Authority to a consortium of IL&FS Transportation Networks and its subsidiary IL&FS Rail for developing the 6.5 km rail Metro Link Extension from Sikenderpur to Sector 56 in Gurgaon on a DBFOT (Design, Build, Finance, Operate and Transfer) basis.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.
