Delhi Metro Rail Corporation (DMRC) has invited bids from 18 public and private sector banks to raise a loan of Rs 2,700 crore for 15 years, sources said. According to sources, DMRC has written to these banks, proposing to raise the loan for purchase of “Airport Express Line assets”, and the banks willing to extend the loan have been requested to submit their bid. Sources said the loan amount would be used to pay Reliance Infra subsidiary Delhi Airport Metro Express Private Limited (DAMEPL). Earlier last month, the Supreme Court upheld on March 10, 2022 Delhi high court order directing DMRC to pay over Rs 4,600 crore of the arbitral award, along with interest, to DAMEPL in two equal installments in two months. According to sources, DMRC has sought that the amount be drawn in 12 months. The tenure will be 15 years, including a four-year moratorium. After four years, the principal repayment will be quarterly and the interest payment monthly.
