Published & Updated as on - 2010-02-20
Hyderabad: The Hyderabad Metro Rail project will
be awarded to a new developer in May this year and will be completed in five
years, the Andhra Pradesh government said in the State Assembly on Friday.
The
cost of the Hyderabad Metro Rail would be Rs 12,132 crore.
The
minister for urban development, Mr Anam Ramnarayana Reddy, told the House
during Question Hour that the work for the elevated metro rail project would be
awarded on the condition that the developer complete it in five years.
He
said the project was earlier awarded to Maytas Infra, a sister concern of
Satyam Computer Services, but the government scrapped the deal after Satyam's
founder and chairman B. Ramalinga Raju admitted to massive fraud in the IT
major last year.
The government called fresh global tenders.
Last month, it announced receiving pre-qualification bids from eight
companies/consortia.
They will participate in technical and
financial bidding for the elevated metro rail project to be taken up in public
private, partnership on design, build, finance, operate and transfer (DBFOT)
basis.
The companies would be shortlisted in technical
bidding and financial bids would be invited on April 9.
The
minister had then said that the ground work on the project for three routes of
the 71.16 km was expected to start by October.
The central
and state governments could fund 40 percent of the project cost (a maximum of
Rs 4,853 crore) as Viability Gap Funding (VGF). The centre has already
sanctioned Rs 2,363 crore as its share under the VGF.
Source:
Deccan Chronicle 19/2/10
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