The project value is estimated at Rs 1,300-1,400 crore.
Four joint venture firms have qualified for the Eastern freight corridor project.
These are the Inanensa-Ansaldo-EME-BCEPL venture, KEC-Elecnor-Kyosan, the Siemens consortium and the Alstom consortium. The project value is estimated at Rs 1,300-1,400 crore, a senior government official said.
Six international companies, in joint ventures with leading Indian companies, had participated in the pre-qualification bid for system works (electrical and signal & telecommunication works) of the Bhaupur- Khurja segment (343 km) of the Eastern Dedicated Freight Corridor project, said an official release.
It may be recalled that the World Bank has agreed in principle to part-finance the project from Mughalsarai to Ludhiana, which has been divided into three phases.
The total in-principle loan commitment is $2.725 billion, of which the loan for the first phase of $975 million was sanctioned in May 2011.
The loan agreement was signed in October 2011. The loan for the second phase is expected to be around $1,100 million.
Dedicated Freight Corridor Corporation of India Ltd, a special purpose vehicle, is engaged in the planning, construction, operation and maintenance of dedicated freight corridors and, in the first phase, two corridors are being constructed.
These are: Eastern (Ludhiana to Dankuni — 1,839 km) and Western (Dadri to Jawaharlal Nehru Port — 1,499 km).