Reliance Infra bets big on urban transport

Reliance Infra bets big on urban transport
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First Published: Sun, Jun 29 2008. 01 21 PM IST
Updated: Sun, Jun 29 2008. 01 21 PM IST
PTI
New Delhi: Reliance Infra (ADAG Group company), which has bid for the estimated Rs 2,000-crore Mumbai monorail project, is eyeing greater opportunities in the mass rapid transport business in the country.
The company has bid for metro rail project in Hyderabad and for monorail work in Chandigarh, a company official said.
“While the Hyderabad metro project would be 67 km long, the Chandigarh monorail would be for 35 km,” the official said.
The Rs 8,400-crore Hyderabad project would cover three routes. The Andhra Pradesh Government will also hold a stake in the project.
It will have 63 stations and all lines will have elevated metro rail system. The concession period of the project is 35 years including five years for construction.
The 35-km Chandigarh project will be implemented on a concession of a minimum period of 30 years, including three years of implementation. The two main corridors will be planned for a minimum carrying capacity of 10,000 persons per hour per direction. The detailed report for the project has been prepared by RITES.
The phase-I of the Mumbai contract, for which Reliance has already bid, envisages a 70-km network with four corridors.
The monorail aims to connect areas that are not covered by the upcoming Mumbai metro rail project.
The current urban transport market is an estimated Rs 50,00 crore with a number of players in the fray including L&T, GVK, Bombardier, Essar Construction among others.
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First Published: Sun, Jun 29 2008. 01 21 PM IST