The country's first privately owned Gurgaon Rapid Metro is facing closure due to financial crisis. The company has been suffering losses for a long time and reached its saturation on Friday, and slated for a shut down Monday onwards!
The rapid metro was constructed by IL&FS Infrastructure in two phases. In the first phase, the company built 5.1 km elevated track, connecting National Highway No 8 at Shankar Chowk to Sikandarpur DMRC station, covering 6 stations.
They expected office-goers from Delhi to the cyber city to inter-change at Sikandarpur & use the rapid metro. But it didn't succeed as majority of offices were providing cabs to their employees, and steep charges (The rapid metro charges Rs 35 for just 2-3 km) didn't help too. Despite all efforts, the ridership didn't increase as per the expectation.
Out of over 200,000 office-goers, the footfall didn't exceed 15,000 a day!
Rapid metro connects some of the most high-end localities. Most residents of DLF City and condominiums, like Aralia and Magnolias, own luxury vehicles with private drivers... and are very unlikely to use the rapid metro.
IL&FS a letter to the Haryana government mentioning that the company will be unable to run the service from September 9 (Monday), and have urged the Haryana government to takeover the metro.
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