Hyderabad ( Metro Rail News ) – As there is still uncertainty looming over the resumption of Metro rail services, L&T Metro Rail (Hyderabad) Limited may invoke force majeure clause with the Telangana government seeking an extension of the concession period equivalent to the time it could not operate due to the lockdown, the company said in its latest annual report.
uncertainty still looming over the resumption of Metro rail services, L&T Metro Rail (Hyderabad) Limited may invoke force majeure clause with the Telangana government seeking an extension of the concession period equivalent to the time it could not operate due to the lockdown, the company said in its latest annual report. The concession period of the project is 35 years, from the appointed date of July 5, 2012, including the initial construction period of five years.
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