Banks lend Rs15 bn to IL&FS arm for Gurgaon Metro Project

Recently, a consortium of banks provided Rs.1500 Cr loan to IL&FS Transportation Networks for executing the Rapid MetroRail Gurgaon South Extension Project in Haryana. This information was given by IL&FS Transportation networks in a communication to stock exchange.

However, the , consortium of banks is not yet known.Haryana Urban Development Authority awarded the metro rail project to a consortium of IL&FS Transportation Networks and its subsidiary IL&FS Rail for developing the 6.5 km rail Metro Link Extention from Sikanderpur Station to Sector 56, Gurgaon (“Project”) on a DBFOT (Design, Build, Finance, Operate and Transfer) basis.