DAMEPL is a Special Purpose Vehicle (SPV) set up by Reliance Infrastructure Ltd. in consortium with Construcciones Y Auxiliar De Ferrocarriles, S.A. (CAF) of Spain.

Speaking on the occasion, Director of the project, K.P. Maheshwari said, "Reliance Infrastructure is committed to the development of this project to world class standards well within record time of 30 months, before the Commonwealth Games. We got the LOI in January 2008 and have not only completed the major portion of design and engineering but also have awarded all major contracts. Civil construction by DAMEPL is in full swing at the Dwarka depot and work on the tunnel, viaduct and the stations by DMRC. We are confident to deliver it well within the timeframe."



"Reliance Infrastructure is already implementing several major infrastructure projects in areas such as highways, bridges, real estate, etc. including Mumbai Metro Line 1 Project, for which financial closure has already been achieved during October 2008 and is the only Project to be undertaken on a PPP framework by any private company. AMEL, Delhi project is another step towards establishing us as a leading player in building urban transport infrastructure that will provide further impetus to the country’s rapidly accelerating economic growth," Maheshwari said.

The transaction lead by Axis Bank witnessed participation of major banks and financial institutions such as India Infrastructure Finance Company (UK) Ltd., Bank of India, Canara Bank, Central Bank of India, Andhra Bank. Allahabad Bank, Dena Bank, Punjab & Sind Bank, and UCO Bank. According India Infoline, the project will entail an investment of Rs28.85bn with Debt to Equity Ratio of 70:30. A sanction of around Rs25bn against total debt requirement of Rs20.2bn has been achieved.

Reliance Infrastructure and CAF have shareholding of 95% and 5%, respectively in the SPV formed by the consortium, with no equity participation by Delhi Metro or any other government agencies. CAF, one of the leading rolling stock manufacturers in the world, has supplied similar cars to Heathrow and Hong Kong Airport Line projects.

World-renowned consultant from Hong Kong viz. MTR Corp., which is the developer, operator and maintainer of the entire 300 km rail network in Hong Kong, has been appointed as the Engineering & Project Management consultants for the project.

The proposed 23 km of high speed metro rail line project envisages development of India's first Airport Link that will operate at high speed of 130 kmph. It will have six stations - New Delhi, Shivaji Stadium, Dhaula Kuan, NH8, IGI Airport and Dwarka. The express metro line alignment will run underground, elevated and at-grade with five underground and one elevated stations.

The project provides unique facilities to the air passenger of remote check-in with baggage check-in, at three stations - New Delhi, Shivaji Stadium and Dhaula Kuan. The airport line would be fully integrated with the existing DMRC metro network at New Delhi and Dwarka. The line would also be integrated with the Northern Railway New Delhi Station and with the IGI Airport. All these integrations would ensure very smooth passenger interchange. The main sources of revenue shall be from ticket sales and retail activities at the stations, advertisements, and commercial development at Dwarka Depot.

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