India, June 15 -- The Gurugram Metro Rail Limited (GMRL) has proposed to revise the cost of the Gurugram Metro project from the already approved Rs.5,452 crore to double the amount at over Rs.10,000 crore. The proposal to be submitted in the next GMRL board meeting, indicates that the cost revision is being done since the sanctioned project cost was based on 2019 rates and six years have elapsed, officials said.

The provisions of the detailed project report (DPR) allow 5 per cent per annum escalation in the project, GMRL officials added.

GMRL has also reworked estimates for the cost of setting up stations, adding the rolling stacks and change in GST rates.

The Gurugram Metro project is now likely to be completed for over Rs.10,000 cror...