The Hyderabad Airport Metro Limited (HAML) has received a bid of Rs. 5,688 crores, from L&T Ltd and NCC Ltd tender to select the Engineering, Procurement & Construction (EPC) contract for the Airport Metro project.
On the 14th of July, the HAML had invited global tenders for the project after a pre bid meeting, which took place on the 14th of June. Notably, representatives of 13 national and international organizations attended the pre bid meeting.
However, only two companies participated in the bidding process held on Thursday, the 13th of July. The preliminary works for the Rs. 6,250 crore Airport Metro project have already been completed.
The proposed corridor will span 31 km, connecting Raidurg metro station to the Airport terminal station, with an elevated portion of 29.3 km and an underground portion of 1.7 km. Moreover, the 9 station metro line will link the IT hub of Hitec City to Rajiv Gandhi International Airport at Shamshabad.
Mr. N.V.S Reddy, the Managing Director of HAML, confirmed that both companies have submitted a security deposit of Rs 29 crore each in the form of bank guarantees. In addition, the bid documents would be reviewed by experts and senior technical officers of HAML to assess various aspects of the project, including eligibility criteria, construction methodology, design basis reports, and more.
The evaluation process, starting with technical evaluation followed by financial evaluation, is expected to take around 10 days. HAML will then submit its recommendations to the government.
Last month, the Hyderabad Metropolitan Development Authority (HMDA) and GMR Hyderabad International Airport Ltd announced their contributions of 10% each for the Hyderabad Airport Metro Project.
Mango News Link
Telegram: https://t.me/mangonewsofficial
Google Play Store: https://bit.ly/2R4cbgN
Apple / iOS Store: https://apple.co/2xEYFJ
