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| Scomi Inks Joint Bidding Agreement with Geodesic Techniques |
| Announcement / Corporate Oct 30, 2009, 18:42 IST |
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Agreement furthers Scomi's commitment to expand expertise in emerging markets.
Scomi Engineering Bhd (“Scomi”), a subsidiary of Malaysia-based Scomi Group Bhd has entered into a Joint Bidding Agreement with Geodesic Techniques Pvt. Ltd. (“Geodesic”), a leading engineering design & structural company based in India, for a proposal to build a 59 km Monorail in Bangalore. This agreement facilitates Scomi and Geodesic’s joint proposal to the Government of Karnataka to design, build, own, operate and transfer of three monorail lines. Estimated at a total cost of US$2.4 billion for the first phase, the proposal is being taken up under the Swiss Challenge approach.
The proposed Bangalore project will have a total of 54 elevated stations along the three lines with three to four interchange stations. For each of the three lines, corresponding depots are being planned. To ensure connectivity with other modes of transport, ancillary structures comprising link ways and skywalks have been planned. Work on the first line is slated to begin in mid 2010 with the last line completed in 2013. Under the terms of the agreement, Scomi will be the technology partner and systems integrator for the Monorail system.
“Our collaboration and joint bid activity for this monorail project reflects Scomi’s success in consolidating its position as one of the leading monorail solution providers in India,” commented Kanesan Veluppillai, President of Scomi International. “Joining forces with Geodesic is part of ongoing strategic efforts to continue our expansion plans in India to bid for more monorail projects in major cities such as Kolkalta, Chennai, New Delhi and Calicut.”
Sumitra Iyengar, Director of Geodesic said “Bangalore is one of the most developed cities in India and its vast growth has resulted in the need for multimodal systems of transport, making Monorail an important component in the transportation master plan of the city. Our partnership with Scomi is an endeavor to scale up the city’s infrastructure.”
Speaking further on the development, Suhaimi Tan Sri Yaacob, Scomi’s Country President for India, added “Scomi is proud to have entered into this key agreement to build the Monorail in Bangalore. We are positive that our experience and technical expertise in monorail systems will help contribute significantly to the progress and development of the city.”
This will be the first Monorail System in Bangalore and is expected to ease the congestion in the highly crowded inner city of Bengaluru. The Monorail will also serve as a feeder system to the Bangalore Metro and create additional transit capacity. On being commissioned, the Monorail will benefit the residents of Bangalore by reducing journey time and commuting cost.
Scomi and its consortium partner, Larsen & Toubro Ltd. India (“L&T”) is currently implementing India’s first Monorail project, a 19.54 km Monorail system commencing from the west side of the city of Mumbai at Gadge Maharaj Chowk (Jacob’s Circle) heading northeast to Chembur through Wadala.
About Scomi Engineering Bhd
Scomi Engineering, a public listed subsidiary of Scomi Group Bhd is focused on Public Transportation and Oilfield Machine Shop Services. For Oilfield Services, the Group is the leading provider of energy engineering solutions in the region servicing the oil & gas industry with a network of thirteen machine shops in ten countries. For Public Transportation, it is involved in the design and manufacture of busses, rail wagons, monorail systems and special purpose vehicles.
About Scomi Group Bhd
Scomi Group Bhd, which is listed on Bursa Malaysia Securities Bhd, and its Group of companies are involved in three core businesses: Oilfield Services, Public Transportation and Marine Services. The Group offers Drilling Fluids & related engineering services, Drilling Waste Management solutions, distribution of related products & services, marine vessel services, machine shop services, urban transportation solutions involving monorail systems and busses, supply of industrial and production chemicals and carbon dioxide (CO2) separation. With offices at 68 locations in 33 countries, Scomi derives most of its business from its international operations, which is backed by almost 50 years of experience in the industry servicing numerous local and multinational companies.
About Geodesic
Geodesic is founded on a civil engineering heritage, led by a team of well-qualified and experienced professionals from the fields of civil engineering, architecture and construction. Geodesic offers design and construction services to match budgets and performance needs of clients across a wide spectrum of applications, meeting stringent quality and safety standards. The company's expertise in diverse construction techniques enables it to create innovative and customized solutions to suit every application. Geodesic has executed challenging design and construction projects for companies in the private and public sector, government departments and individual entrepreneurs. The company's design and construction projects include factories, offices, stadiums, auditoriums, hotels, temples and diverse utility outlets.
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