14 consortia show interest in Mumbai Metro's underground line

Image
Press Trust of India Mumbai
Last Updated : Mar 10 2014 | 10:30 PM IST
As many as 14 consortia, including those of L&T, IL&FS and HCC, have expressed interest in the new underground section of metro.
Reliance Infrastructure (RInfra), which developed the first line of transport system in the city, has stayed away.
The proposed Rs 23,000-crore underground line will link Colaba in the south to Seepz area in the north of Mumbai.
Anil Ambani-led RInfra has completed the initial phase of the first metroline connecting Versova-Andheri in the north west to Ghatkopar in the north-east of the metropolis.
Metro One, built on the BOT (build-operate-transfer) model, is a fully elevated system while the proposed line will be fully underground.
While RInfra officially declined to comment, sources said the firm stayed away from the bidding process as the project is being awarded on an EPC (engineering, procurement and construction) basis and not BOT model.
The 14 consortia are: Afcons-KMB, CEC-ITDCEM-TPL, CTCEG-PIIPL, Dogus-Soma, IL&FS-CR25G, JKumar-CRTG, L&T-STEC, Mosmetrostroy-Hindustan Construction, OHL-SKE&C, Pratibha Industries-GDYT consortium, Sacyr-CMC-Essar, Salin Impregilo- Gammon, Strabag-AG-Patel and Unity-IVRCL-CTG.
Last September, when the Government first floated the tenders for the project, it received lukewarm response, leading to tweaking of bidding norms.
Mumbai Metro Rail Corporation (MMRC), the project operator owned by state-run MMRDA, had invited bids for the 32.5-km long underground corridor running from Cuffe Parade to Seepz area in the suburbs with 26 stations.
"Evaluation of the bids is expected to be completed within a period of 90 days," Mumbai Metropolitan Region Development Authority (MMRDA) said in a release here today.
The project, which has received key regulatory clearances, was first proposed as an elevated system but was later switched to underground, and slated to be commissioned in six years after beginning of the work.
Initially, it was planned to commission in FY19.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 10 2014 | 10:30 PM IST

Next Story