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Mumbai invite bids for New Metro Line

Mumbai invite bids for New Metro Line
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First Published: Tue, Feb 20 2007. 12 37 PM IST
Updated: Tue, Feb 20 2007. 12 37 PM IST
Bloomberg
Mumbai: Mumbai invited bids for a second metro rail in the city, a project aimed at improving transport infrastructure in India’s financial capital.
The Mumbai Metropolitan Region Development Authority asked companies to bid for the 32 kilometer (20 mile) rail project, according to newspaper reports on 20 February. The city, which has a suburban rail network, last year began building a 146-kilometer metro rail.
India’s biggest cities need to build metro rails to ease road traffic congestion and improve transport network strained by growing urbanization. Mumbai is home to the local unit of Citigroup Inc. and HSBC Holdings Plc and is the headquarters of India’s biggest private companies such as the Tata Group and Reliance Industries Ltd.
Bids for the new rail metro line should be made by April 2. Indian and overseas companies can team up for the bids, as per newspaper reports.
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First Published: Tue, Feb 20 2007. 12 37 PM IST