Fund Crunch Derails G'gram Rapid Metro

September 6, 2019

Mail Today

Firm writes to Haryana govt that it can’t run service from Monday

- Ajay Kumar

The country’s first privately owned Gurugram Rapid Metro is facing closure due to financial crisis. The company’s official spokesperson said that the company has been suffering losses for a long time and is unable to operate any further.

“We have written a letter to the Haryana government mentioning that the company will be unable to run the service from September 9 (Monday). We have urged the Haryana government to take over the metro and we are now waiting for the reply,” the spokesperson said.

Meanwhile, the takeover by the Haryana government is not going to be an easy affair. V Uma Shankar, CEO of Gurugram Metropolitan Development Authority (GMDA), said that the matter is still pending in the National Company Law Tribunal (NCLT) and the final decision has not been taken yet.

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