DMRC invites bids from 18 banks to raise loans for ‘buying airport line assets’
The Delhi Metro Rail Corporation on Thursday invited bids from 18 banks to raise a loan of Rs 27,000 crore for the purchase of ‘airport line assets’. This comes in the backdrop of the Supreme Court in early May directing DMRC to pay over Rs 4,600 crore to Delhi Airport Metro Express Pvt Ltd (DAMEPL) along with interest in two equal installments of Rs. went. month.
According to a May 19 letter sent to 18 major banks, “DMRC proposes to raise a loan of Rs 2,700 crore for the purchase of airport line assets”. Banks desirous of extending the above loans are requested to submit their bids on the broad terms and conditions.
A letter has been sent to State Bank of India, Canara Bank, Axis Bank, Bank of Baroda, HDFC Bank, ICICI Bank and Yes Bank, among others. The letter reads, “DMRC invites bids in two parts, i.e. Part I – No-cost Bid and Part II – Price Bid from Banks, to whom this invitation letter is sent for depositing their most competitive rate,” A copy of which is with the news agency. PTI.
According to the letter, “The unpriced bid should confirm the statements contained therein and the price bid shall include the rate applicable for the loan.”
The Airport Express line connecting New Delhi station and the city airport was commissioned on 23 February 2011 after an investment of over Rs 2,885 crore, which was funded by DAMEPL’s Promoters Fund, banks and financial institutions. .
(with PTI inputs)
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