Karnataka government has shortlisted five firms for the proposed Rs 6,900 crore, 34-km high speed rail link between the city and the Bengaluru International Airport at Devanahally on the outskirts.

They are: Pioneer Infratech Pvt Ltd & Siemens Project Ventures; Lanco Infrastech Ltd & OHL Concesiones S L; L & T Transco Ltd; Reliance Infrastructure Ltd & CSR Nanjing Puzhen Rolling Stock Co. Ltd; and ITD—ITO Cem — SOMA Enpterprises Joint Venture.

“The tender process is over,” Chief Minister B S Yeddyurappa told reporters on Monday after a meeting attended by Infrastructure Minister G Janardhana Reddy, Infrastructure Development Secretary V Madhu and other senior officials.

In the proposed Rs 6,900 venture, Karnataka government would contribute Rs 532 crore by way of land, while Rs 1,040 crore is expected from the Centre, Mr. Madhu said, adding, government equity in the project would be 26 per cent.

He said things such as request for proposals, detailed project report, concession agreement and manual specifications have been handed over to the short-listed firms.

Concession agreement is expected to be signed by August end with financial closure slated three months from then.

Work on the project would start from February next year.

This high speed rail link would allow people to reach the airport from the city in just 25 minutes, he said.

A presentation made by Mr. Madhu said each train would consist of six coaches. Though it would have a maximum speed of 160 km per hour, the operating speed would be 145 kmph.

Commercial speed would be 85 kmph. Ten trains are proposed to be run initially. Frequency would be ten minutes, which would later be reduced to eight minutes, then to six minutes and three minutes.

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