The Hindu Business Line : Maytas consortium emerges lowest bidder for Hyderabad Metro project

Hyderabad, July 23 Maytas Infra Ltd-led consortium has emerged the lowest bidder for the Rs 11,814-crore Hyderabad Metro Rail Project that seeks to construct a 71-km-long elevated railway in the twin cities of Hyderabad and Secunderabad.

The official clearance is expected soon after getting the bid vetted by the authorities concerned.

The State Government has formed a special purpose vehicle (SPV) called Hyderabad Metro Rail Ltd to take up the project.

Conceived to ease the ever increasing traffic on the city roads, the Metro Rail Project would cover three different lines with a total length of 71 km with an initial estimation of Rs 9,696 crore. The project cost has recently been hiked to Rs 11,814 crore by the Government.

The Maytas Infra-led consortium included Navabharat Ventures Ltd, Ital Thai Development Public Company and IL&FS. It has emerged the lowest bidder among the five players that were shortlisted for the project.

“We were informed that our consortium has emerged as the lowest bidder for the project,” a Maytas Infra spokesperson said. He, however, declined to give details of the project. “We still await the official communiqué from the Government,” he said.

The consortium has reportedly agreed not to use the viability gap funding (up to 20 per cent of the project cost) offered by the Union Government.

Project details

While the Miyapur-LB Nagar stretching 29.87 kms would have 27 stations, the Jubilee Bus Station-Falaknuma line with a length of 14.78 km would have 16 stations. The third route, Nagole to Shilparamam would cover 26.51 km, touching 23 stations.

The Hyderabad Metro project is the first public-private partnership project to be approved by the Union Government.

Five international consortia of companies were pre-qualified for the BOT (build-operate-transfer) project. This included Reliance Energy-Bombardier (Canada); GVK-Gammons-Alstom (France)-IDFC and Essar Constructions-led consortium.

The project would also get Rs 969 crore from Central Government’s Jawaharlal Nehru Urban Renewal Mission scheme and a matching amount from the State Government.

The State would also provide land required for building stations, parking lots and space needed at the terminal stations.

The beauty of the project is that the elevated metro rail tracks would rest on the pillars erected on the central median of the roads. This would mean no additional demand for space on the already congested roads.

On an average, one will find a station every one kilometre. With a frequency of 3-5 minutes in peak hours, the system is likely to carry about 17 lakh people a day by 2012 and 25 lakh by 2022.

More Stories on : Infrastructure | Railways | Andhra Pradesh

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