Bidding date for Hyderabad Metro project extended
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Last Updated: Sunday, April 18, 2010, 00:09
  
Hyderabad: The Andhra Pradesh government has yet again extended the date for filing of financial bids for the Hyderabad Metro Rail Project till June 7 following the request of bidders who were pre-qualified for the Rs 12,130 crore project.

"Most of the bidders have sought extension of time for filing the financial bid as they are yet to complete traffic potential studies, financial modelling and other formalities. Hence we have extended the due date till June 7. There will be no further extension of the date," HMR Limited Managing Director N V S Reddy said.

The other reason he gave for the extension of time was the "model code of conduct" in force for the ensuing election to the Hyderabad and Ranga Reddy Local Authorities Constituencies.

The companies\consortia that were pre-qualified for the project include L&T, Lanco-OHL (Spain) consortium, Reliance (Anil Ambani group), GVK-Samsung (South Korea) consortium, GMR, Essar-Leighton (Australia)-Gayatri-VNR consortium, Transstroy-OJSC (Russia-CR 18 (China)-BEML consortium and Soma-Strabag (Austria).

The government had originally set April 9 as the date for submission and finalization of financial bids.

The new concessionaire will be in place by the end of April.

The ground works of the project are expected to commence by October this year.

The HMR Project will be completed in four years,? state municipal administration minister had said in January.

But, with the delay in finalization of financial bids, the project may get further delayed.

Of the total project cost, up to 40 per cent (Rs 4,853 crore) could be given as viability gap funding by the state and Central governments subject to competitive bidding.

The Government of India has sanctioned Rs 2,363 crore as its share under the VGF scheme for the project.

PTI


First Published: Sunday, April 18, 2010, 00:09


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