Other international companies from Spain, Turkey, Taiwan, Mexico, Brazil, Russia and UK had filed their bids with Indian partners. Some joint ventures were Isolux Corsan Corviam-Sadbhav-ECI, Gammon-Yuksel, Posco-PNC, Consortium of China Railway Bureau Group Corporation, Essar-KEC Sacyr, AG-Afcon and PEL-BSCPL-CGS.
The contract is expected to be Rs 4,000 crore (Rs 10 crore a km).
The World Bank is funding part of the Eastern Dedicated Freight Corridor from Mughalsarai to Ludhiana, divided in three phases. The loan is $2.7 billion. The loan for the first phase, $975 million, was sanctioned in May 2011. For the second, it is expected to be $1,100 million.
It may be signed in June.