Hyderabad Metro project gets 8 fresh applications

The Hyderabad Metro Rail Project has got a fresh lease of life with eight companies and consortia filing their applications today in response to the fresh pre-qualification notification issued by Hyderabad Metro Rail Ltd....

The Hyderabad Metro Rail Project has got a fresh lease of life with eight companies and consortia filing their applications today in response to the fresh pre-qualification notification issued by Hyderabad Metro Rail Ltd the SPV floated to execute the project.

The companies and consortia which have applied for pre-qualification for development of the project are: L&T; Lanco-OHL (Spain); Reliance (Anil Ambani group); Essar-Leighton (Australia)-Gayatri-VNR consortium; GVK-Samsung (South Korea) consortium; GMR; Transstroy-OJSC (Russia)-CR 18 (China)-BEML consortium; and Soma-Strabag (Austria) consortium.

This is the second time the Andhra Pradesh government has called for bids for the 71.16 km Metro Rail project covering three traffic corridors. Last year,Maytas Infra had won the bid but lost the project as it could not achieve financial closure by the due date. Speaking to mediapersons,Anam Rama Narayana Reddy,Minister for Municipal Administration and Urban Development,said,There has been some delay in the project due to various factors such as the death of YS Rajasekhera Reddy.

As per the RFQ conditions,the companies and consortia to be pre-qualified to compete for the project should have a minimum net worth of Rs 3,000 crore and should have carried out projects worth Rs 18,000 crore in the last 10 years.