IL&FS revives contract with Gujarat Metro Rail Corporation

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IL&FS Engineering and Construction Company Limited (IECCL) said on Monday it has received approval from Gujarat Metro Rail Corporation (GMRC) for the revival of the contract in respect of the construction of the viaduct corridor from interface point with Gyaspur depot.

More Information:

  • This involves abutment of the depot to APMC metro station to Shreyas metro rail station to all-inclusive of elevated portion from chainage minus 1374.50 to plus 3246.50 metres and 4 elevated metro stations — APMC, Jivraj, Rajiv Nagar and Shreyas — for package-1 of north-south corridor for Ahmedabad metro project phase-1.
  • The contract will start by September 12 and completed within 15 months without any change in financial terms of the original contract.
  • The contract value is Rs 382.22 crore, works done Rs 213.24 crore and value of balance work Rs 168.98 crore.
  • The GMRC terminated this contract on January 19.
  • As per an official statement, now IECCL and GMRC have agreed to revive the contract and treat the intervening period from the date of termination as suspension of work without any extra claims except payment under price variation.

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