Hyderabad metro Global majors vie for Hyderabad Metro.
Byline: Omer Farooq Hyderabad The Andhra Pradesh government has approved all eight major firms and consortia that had pre-qualified for the prestigious Hyderabad Metro Rail Project, for the financial bid. The companies and consortia now in the race for the Rs120 billion (Dh9.6 billion) project include Transstroy-OJSC Transstroy (Russia)-CR18G (China)-BEML consortium; Reliance Infra-Reliance Infocomm consortium of Anil Ambani, Lanco Infra-OHL Concesiones (Spain) consortium; Essar-Leighton (Australia)-Gayatri-VNR consortium; GMR Infra; GVK-Samsung (South Korea) consortium; Soma-Strabag AG (Austria) consortium and Larsen & Toubro. The state government had floated fresh global tenders seeking pre-qualification bids last year after the earlier contract awarded to the Maytas-led consortium had failed to reach financial closure in time. Chief Minister K. Rosaiah, who reviewed the project on Monday, urged officials to closely monitor every stage of the project. Officials told Rosaiah that financial bids for the project were due in April. The groundwork for the project will be launched in November and most of the sections will be thrown open to public travel in four years, and the entire project will be completed in five years. Al Nisr Publishing LLC 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |