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MMRC receives bids from 9 consortiums for Metro III project

As many as nine consortiums, including domestic and international, have bid for the ambitious 33.5 kms Colaba-Bandra-Seepz underground corridor.

Mumbai Metro Rail Corporation (MMRC), which is implementing the Rs. 23,136 crore project, has received 31 bids from nine consortiums for the corridor, which will be developed in seven parts, Mumbai Metropolitan Region Development Authority (MMRDA) said in a statement.

The company has received interests from leading EPC players, including Larsen & Toubro, IL&FS Engineering and Construction and Tata Projects.

The nine consortiums are Afcons Infrastructure -Kyivmetrobud, Continental Engineering Corporation-ITD Cementation India-Tata Projects, DOGUS-SOMA, IL&FS Engineering and Construction Company-China Railway 25th Bureau Group, J Kumar Infraprojects-China Railway No.3 Engineering Group.

Besides, L&T-Shanghai Tunnel Engineering, OSJC Moscow Metrostroy-Hindustan Construction, Pratibha Industries-Guandong Yuantian Engineering and Unity Infraprojects-IVRCL-China Railway Tunnel Group are also in the fray.

“The response shown is very encouraging. This also indicates the kind of confidence bidders have in the government and its agency.

“The Metro-III corridor will certainly reduce the congestion in the suburban railway and avoid unfortunate loss of life due to congestion,” MMRC Managing Director Ashwini Bhide said.

The project will be developed in seven packages/parts which comprise 4-5 kms long twin tunnel.

The Centre has signed a loan agreement with Japanese funding agency JICA, which will provide nearly 57 per cent of the total cost of the project or Rs 13,235 crore.

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