Delhi-Gurgaon Expressway battle closer to resolution as lenders agree to remove toll plaza

 

In what could provide major relief for commuters along the Delhi-Gurgaon expressway, the lead lender for the project, Infrastructure Development Finance CompanyBSE 0.16 % (IDFC), has filed a settlement proposal in the Delhi High Court on Monday.

According to the affidavit filed in Delhi High Court, IDFCBSE 0.16 % has finally agreed to NHAI's proposal of tolling only at one location, which would mean that the contentious toll plaza along the Delhi-Gurgaon border, which had been causing serious inconvenience to the public, would be removed.

IDFC will also replace the current concessionaire Delhi Gurgaon Super Connectivity Ltd (DGSCL) with another suitable party to take-over the project.

In its affidavit, IDFC has stated that senior lenders are agreeable to NHAI Board's 'option 3' according to which only the toll plaza at km 42 will remain. Read more..

Source: Hindi News

From ET News