Mamuni Das

New Delhi, March 17 The slowdown appears to have taken its toll on the Rs 9,000-crore New Delhi railway station modernisation project.

For its revised request for qualification (RFQ) invitation, the Railways received only eight bids for the project. In the first half of 2008, the Railways had received 13 bids for the project.

The 2008 tender was cancelled because there was confusion over the interpretation of the “cross-ownership” clause in the document.

The consortia and some of their members who have submitted bids for the New Delhi station modernisation are TRIF Infrastructure and Grandi Stazioni SPA (Italy); Larsen and Toubro Transco; DLF; DB Realty and Deutsche Bahn (German Railways); Nishok Realty, Spanish Railway, Posmar Inversions, Yoman Infrastructure, Parnesh Real Estate; Morgan Stanley Infrastructure and VNR Rail Infrastructure; KMC Construction, China Railway 18th Bureau Group; GVK Developmental Projects, Leighton.

Those bidders who had submitted qualifying bids in 2008 but have opted out this year include DS Construction; Maytas Infrastructure; Emaar-MGF and Gammon; Reliance Infrastructure; Sadbhav Engineering and SREI.

The successful bidder will enter into a long-term concession agreement (of about 45 years) with the Indian Railways, according to the RFQ document

(This article was published in the Business Line print edition dated March 18, 2009)
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