Ambani brothers in race for Rs7,000 cr elevated rail project

Ambani brothers in race for Rs7,000 cr elevated rail project
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First Published: Tue, Jun 12 2007. 12 35 AM IST
Updated: Tue, Jun 12 2007. 12 35 AM IST
Mumbai: The feuding Ambani brothers—Mukesh and Anil—have entered the race to build a Rs7,000 crore, 32km-long, fully elevated second corridor of Mumbai metro rail project, connecting the western and eastern suburbs of Mumbai.
Younger brother Anil Ambani’s Reliance Energy Ltd is already building a separate first corridor spanning 11kms that will run east-west through the Mumbai city between Anderi-Versova-Ghatkopar through a special purpose vehicle in which French firm Veolia Transport and Mumbai Metropolitan Region Development Authority (MMRDA) are partners.
For the second corridor, linking Charkop-Bandra-Mankhurd, Mukesh Ambani is bidding in a consortium consisting of Europe’s largest engineering firm Siemens AG and domestic construction major Gammon India Ltd.
Anil’s Reliance Energy has also submitted a pre-qualification bid in partership with Canadian firm SNC Levalin, said a Maharashtra government official, who did not want to be named.
Both brothers are also pitted against the likes of rail equipment giant Bombardier Transportation, Malaysian infrastructure firm YTL Corp. Berhad, French transport and energy infrastructure major Alstom, Japan’s Mitsubishi Corp., Spanish rail rolling stock supplier CAF and General Electric Corp.
MMRDA, a body set up by the Maharashtra government for planning, coordination and implementation of development activities in the Mumbai metropolitan region, received requests for qualification from seven consortia for building the second line when the global tender closed on Monday.
Bombardier Transportation and YTL Malaysia have teamed up with Hyderabad-based GVK Industries Ltd to bid for the project that will ease Mumbai’s traffic congestion and reduce air pollution.
French firm Alstom has submitted a pre-qualification bid along with the Essar Group and Lanco Infratech Ltd. Japanese firm Mitsubishi has put in a bid in partnership with Tata Power Ltd.
Domestic engineering and construction major Larsen& Toubro Ltd has formed a consortium with Spanish rolling stock supplier CAF and GE to bid for the project.
Infrastructure Leasing & Financial Services Ltd has also bid for the project along with local firms Punj Lloyd Ltd and Soma Enterprises.
MMRDA will assess and evaluate the request for qualification submitted by the seven consortia, assign marks and pre-qualify a maximum of five consortia that will be asked to submit the commercial bids. MMRDA has the option of taking up a minority equity stake in the metro venture being developed on a build, own, operate and transfer basis through public-private partnership, the official said.
The second corridor, with 27 stations en route, can carry 60,000 passengers per hour, cutting journey time substantially through the densely populated areas.
The successful bidder will enter into an agreement with MMRDA to operate the facility for 35 years. The construction of the second corridor is likely to be completed by 2011.
Traffic forecast studies have predicted that by 2011, about 12.75 lakh passengers will use the line daily. By 2021, the passenger numbers will rise to 18.77 lakh and by 2031, it will increase to 22.16 lakh.
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First Published: Tue, Jun 12 2007. 12 35 AM IST
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