DMRC Secures Rs 5,870 Crore Contract For Operation And Maintenance of Chennai Metro Phase II Network

Chennai Metro Rail Limited (CMRL) has handed the Letter of Acceptance (LoA) for operation and maintenance of its ambitious Phase II network to the Delhi Metro Rail Corporation (DMRC) at a gross cost of Rs 5,870 crores, The Hindu reported.

The LoA was officially handed over on Wednesday (2 Apri)l by CMRL Managing Director M A Siddique to DMRC Managing Director Vikas Kumar.

The ceremony was attended by senior officials, including S Krishnamoorthy, Director (Finance) of CMRL, and Dr Amit Kumar Jain, Director (Operations & Services) of DMRC.

Spanning 118.9 km, the Phase II network comprises three major corridors: C3 (Madhavaram Milk Colony to Siruseri SIPCOT II Metro), C4 (Lighthouse to Poonamallee Bypass), and C5 (Madhavaram Milk Colony to Sholinganallur).

"The Scope of Work under the contract includes the entirety of all activities related to Operations and Maintenance of all assets forming part of the Phase II Network including all Operation & Maintenance activities at the three Maintenance Depots to Global Standards in terms of delivery of services to passengers and asset maintenance," the CMRL said in a press release.

According to CMRL, the term of the contract is twelve years from date of commercial operation date of the last stage of Phase II, extendable by three years in case of satisfactory performance by DMRC.

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