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The Gurgaon-Delhi expressway to change its name to Millennium City Expressway
The Delhi- Gurgaon expressway may soon get a new name- Millennium City Expressway. In fact, not only a new name but a new concessionaire to mange it for the next nine years. The lenders of the project, led by IDFC will be replacing the earlier concessionaire Delhi Gurgaon Super Connectivity Limited (DGSCL) to Millennium City Expressways Private Limited (MCEPL).
With experts drawn from India’s top infrastructure development firms, the new concessionaire MCEPL, would sign a revised agreement with the National Highway Authority of India (NHAI), paving way for many stalled developmental works on this stretch.

Resurfacing the entire 27.7 km stretch between Rao Tula Ram Marg and Kherki Daula Toll plaza will be one of the key works, which is mandatory every five years.

The expressway, opened for public use in January 2008, that developed cracks at many places on its surface was to be resurfaced last year. The cost of resurfacing, however, is about 80 crore.

As the transition period of 90 days which ends on May 19, during which the lenders of the project had taken over the expressway from DGSCL on February 20 on the Delhi high court orders. The lenders are required to float a special purpose vehicle (SPV) firm for taking up the managing of the expressway for the next nine years till January 2023.

According to the court orders passed by the Delhi High Court on February 19, the lenders led by IDFC had appointed Feedback Brisa as operation, maintenance and tolling (OMT),operating for 90 days for which the term expires on May 19.

''The appointment of Feedback Brisa as OMT for the 90 days transition period was a temporary arrangement.As the transition period expires on May 19, all the constituent banks have decided to form a consortiums firm Millennium City Expressways Private Limited after May 19. All the banks will get respective internal approval by May 15 after which we would approach the NHAI for the formal approval for floating MCEPL as a new concessionaire for eight years and seven months concession period for managing the expressway. MCEPL would also sign a new concession agreement with NHAI,'' Sanjay Grewal, the group head of IDFC told Hindustan Times.

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