Business Daily from THE HINDU group of publications
Friday, Aug 10, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Aug 10, 2007 ePaper |
|
|
|
|
|
|
|
Logistics
-
Railways Railways may invite bids for legal, financial consultancy
An inter-ministerial group under the Railway Board Chairman will evolve a model concession agreement.
Mamuni Das New Delhi, Aug. 9 After technical bids, the Indian Railways now plans to invite bids from consultants soon to provide legal and financial advisory services for its station modernisation plans. The Railways, however, has not yet decided as to whether a common legal and financial consultancy bid should be invited (for all stations) or whether bids should be invited for each station independently. Initially, the Railways had planned to invite a common tender for legal and technical advice for all station modernisation projects. “However, the size of New Delhi station modernisation project itself is so large that we are now contemplating de-linking the financial and legal consultancy studies for the Capital,” said official sources. The technical bid for New Delhi railway station modernisation has been awarded to Hong Kong-based consulting firm Terry Farrell and Partners and the bids for Patna station modernisation have been invited by the Railway Ministry. Model concession pact
The Prime Minister’s Committee on Infrastructure has appointed an inter-ministerial group (IMG) under the Railway Board Chairman to evolve a model concession agreement for the Railway station modernisation by October 31. The group would have Secretaries of the Planning Commission, Department of Economic Affairs, Department of Urban Development and Department of Legal Affairs as members. The draft agreement would be prepared by the Planning Commission and the Railway Ministry. It would then be submitted to the IMG for further deliberations. The agreement would be the standard document for inviting bids from developers to redevelop the identified Railway stations on a design, build, finance, operate and transfer mode. The Government hopes to award the New Delhi Railway station modernisation project by December this year so that the project is ready by 2010 Commonwealth Games. The Union Railway Minister, Mr Lalu Prasad, expects the project size to be roughly in the range of Rs 5,000 crore. The Railways has identified about 22 stations to convert them into world-class ones. The list includes New Delhi, Chhatrapati Shivaji Station (Mumbai), Howrah, Chennai Central, Amritsar, Ahmedabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Lucknow, Mathura, Pune, Patna, Secunderabad and Thiruvananthapuram.
More Stories on : Railways | Modernisation | Consulting
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|