Home Latest News Chennai Metro cancels contract cost Rs 371 cr awarded to IL&FS-PJSC JV

Chennai Metro cancels contract cost Rs 371 cr awarded to IL&FS-PJSC JV

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Chennai Metro cancels contract cost Rs 371 cr awarded to IL&FS-PJSC JV
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CHENNAI (Metro Rail News): The Chennai Metro Rail Limited (CMRL) has ended the civil contract worth Rs 371.2 crore awarded to the consortium of IL&FS Transportation Networks Limited (ITNL) PJSC Kyivmetrobud (IL&FSPJSC JV) for the Phase-I extension of CMRl project indicating an extensive delay in the completion of construction work.

In December 2016, CMRL had given a contract worth Rs 371.218 crore to IL&FS-PJSC JV for the construction of a couple of underground stations at Sir Thiyagaraya College & Korukkupet on the 9-km extension of CMRL from Washermenpet to Wimco Nagar. The work was supposed to be completed in 20 months of time as per the terms of the contract.

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