Here is another boost to Capital rush in Amaravati. The L1 bidders for the Vijayawada Metrorail project phase one are to be finalised by the Amaravati Metrorail Corporation Limited (AMRC) in a week. The 11-km project, which was divided into two parts, is expected to be executed by two players.
The technical evaluation of the project has already been completed and eight bidders of the total 10 are qualified in the process, AMRC Managing Director N.P. Ramakrishna Reddy told The Hindu.
“The 11-km stretch is divided into two parts, 5 km and 6 km. We will be identifying two bidders from the eight firms in a week to execute the project.”
This part of the project is estimated to cost about Rs. 650 crore according to the AMRC.
The successful bidders going for final screening are IL&FS Engineering and Construction Company Ltd., GD2-DBL JV, NCC Ltd, Soma Enterprises Ltd, Afcons Infrastructure Ltd, GYT-TPL JV, PLL-CRFG JV and Simplex Infrastructures.
It is given to understand that these bidders are substantially responsive and generally compliant to technical requirements of the tender conditions.
Building pears, viaduct, metro rail stations and other related civil works constitute part of the contract. Of the two corridors, the first phase work will be taken up in Nidamanuru to Pundit Nehru Bus Station route passing through Eluru Road and the second one – Penamaluru to Pandit Nehru Bus Station (PNBS) passing through Bandar Road – will be taken up later.
The total estimated cost of the project is Rs 7,212 crore. Half of it will be borne by the AMRC, the Government of Andhra Pradesh and Government of India, while about Rs 3,543 crore is likely to be met by a loan from the Japan International Cooperation Agency (JICA) with 0.3 per cent interest.
Tie-up with DMRC
The AMRC has tied up with the Delhi Metro Rail Corporation for the execution of the project. Though the project has been touted to be prestigious, funds need to be released on time to meet land acquisition cost and other timelines, according to top AMRC officials.
“The Chief Minister is keen on the early execution of the project and we hope that sufficient funds will be released both by Central and State governments soon,” said Mr. Ramakrishna Reddy.
Published - June 15, 2016 12:00 am IST
