Next govt to decide Airport Metro’s dues

NEW DELHI: The urban development ministry's push to hold a meeting of the group of ministers (GoM) to take a decision on whether Delhi Metro Rail Corporation (DMRC) could be directed to make termination payment to a subsidiary of Reliance Infrastructure has come unstuck with the cabinet secretariat asking the ministry to leave the decision to the next government.

Sources said after A K Antony , who heads the GoM, questioned the ministry's urgency to hold the meeting, the ministry again took up the case claiming that delay was costing government dearly.

Earlier, the Election Commission had given clearance to hold the GoM meeting.

Sources said the minimum termination payment could have been around Rs 900 crore in case the GoM decided so. As per the contract provision, in case the termination is due to concessionaire's default, the payment would be 80% of the outstanding debt. It will be 130% in case DMRC loses the arbitration case.

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