RInfra walks out of Charkop-Mankhurd metro project in Mumbai

Mumbai: Blaming the Maharashtra government for "non-fulfilment of certain critical obligations", Reliance Infrastructure (RInfra) Thursday walked out of the contract to develop the Rs 12,000-crore Charkop-Bandra-Makhurd Metro corridor in Mumbai.

"Due to non-fulfilment of various obligations by the state government, the concession agreement for the Mumbai Metro Line 2 (Charkop-Bandra-Mankhurd corridor) is terminated despite the best efforts by the company and the state," the Anil Ambani-led company said in statement.

The decision caps months of rumours about the company walking of the project.

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