The Mumbai Metropolitan Regional Development Authority (MMRDA) has decided to again extend the dates of submitting the bid documents for the Charkop-Bandra-Mankhurd Metro link till April 30.
The decision was taken after those companies bidding for the project requested for more time. Interestingly,on February 15 no bidder had submitted the bid document for the project. It was then the infrastructure agency extended the dates till March 15.
The 32-km project,estimated to cost around Rs 6,192 crore,will have 27 elevated stations. Seven consortia have been short-listed for the project,including Anil Ambani-led Reliance Energy that has bagged the contract for the phase-I of the Metro and joined hands with Canadian firm SNC Lavalin for the second stretch. The Mukesh Ambani-controlled Reliance Industries is bidding with Siemens and Gammon. The other consortia include GE India-L&T-CA-IDPL,Tata Power-Mitsubishi-Tata Realtys Pioneer Infrastructure,GVK-Bombardier-YTL ,IL &FS-Soma Constructions-Punj Lloyd and Essar-Alstom.
Since we cannot open the bid documents till the elections are over,we have decided to extend the dates. The bidding companies want more time to assess the situation owing to market volatility, a senior MMRDA official said on condition of anonymity.
Interestingly,the metro link is also facing other problems. The project is facing opposition from residents of Juhu,Vile-Parle,Khar and Bandra. They have even proposed to have an underground route and have given suggestions to the MMRDA. We are working on it but their plan is not financially viable, the official said.