R-Infra sole bidder for 2nd Mumbai Metro project

R-Infra sole bidder for 2nd Mumbai Metro project
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First Published: Fri, May 29 2009. 09 32 PM IST

In progress: A Metro construction site in Mumbai. Vijayanand Gupta / Hindustan Times
In progress: A Metro construction site in Mumbai. Vijayanand Gupta / Hindustan Times
Updated: Fri, May 29 2009. 09 32 PM IST
Bangalore: A consortium led by Anil Ambani’s Reliance Infrastructure Ltd on Friday emerged the sole bidder in a financial tender for the Rs7,660 crore second line of the Mumbai Metro rail network.
The Reliance-Anil Dhirubhai Ambani Group (R-Adag) firm, in partnership with Canada’s SNC-Lavalin Group and Reliance Infocomm Ltd, submitted a bid amount of Rs2,298 crore, which is the capital grant it requires from the Central and state governments for the mass rapid transit project.
In progress: A Metro construction site in Mumbai. Vijayanand Gupta / Hindustan Times
The proposed 32km rail corridor is the longest of the three routes in the first phase of the Mumbai Metro network, and will connect Charkop on the west to Mankhurd on the harbour line in the east, via Bandra.
“This (Reliance Infra’s) is the only bid we have received and we will send it for approval to the executive committee of the MMRDA,” said Dilip Kawathkar, spokesman for the Mumbai Metropolitan Region Development Authority (MMRDA), the nodal agency handling the project. Once approved, the contract will be handed over to the bidder.
“Reliance’s bid of Rs2,298 crore is much less than the 40% grant that it is entitled to, which is a qualifying criterion,” said a senior Reliance Infra official on condition of anonymity.
The second Metro line, to be built in a public-private partnership model, is entitled to a maximum grant of Rs3,064 crore, or 40% of the project cost, from the Union and state governments. Of this, the Union government has approved Rs1,532 crore.
Six other groups that had submitted technical bids earlier—Reliance Industries Ltd, GVK Group-Bombardier Inc., Tata Power Co. Ltd-Mitsubishi Corp., GE India-Larsen and Toubro Ltd, IL&FS-Punj Llyod Ltd and Essar- Alstom—dropped out in the financial bid round. Reliance Infra is also constructing the first 11km long, Rs2,356 crore Andheri-Versova-Ghatkopar rail corridor connecting the city’s western and eastern suburbs.
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First Published: Fri, May 29 2009. 09 32 PM IST