 "The construction cost for developers has gone down with projects being completed within the timeframe, a source said")
Top infrastructure firms, including L&T, Reliance Infrastructure and Afcons, are in fray for Yogi Adityanath government’s flagship Purvanchal Expressway project, which is estimated to cost Rs 190 billion.
In technical bidding stage, 12 companies viz. Reliance, PNC Infratech, NCC Limited (Formerly Nagarjuna Construction Company), L&T, BSCPL Infrastructure (formerly B Seenaiah & Company (Projects)), Sadbhav Engineering, Oriental Structural Engineers, Ashoka Buildcon, KNR Constructions, Apco Infratech, Gayatri Projects, Afcons Infrastructure have been found eligible for financial bids.
According to sources, the financial bid of these companies would be opened next week, probably on March 28. Later, the evaluation committee would vet these
