Elevated rail corridor: Tata Realty, Siemens join fray PRIYAL DAVE : Mumbai, Thu Sep 26 2013, 03:10 hrs Following the revised alignment of the now 60.3-km Oval Maidan-Virar elevated corridor, Tata Realty and Infrastructure Ltd and Siemens are learnt to have shown interest in the Rs 22,500-crore project. Reliance Infrastructure, L&T, GMR, Gammon, IL&FS and Spanish firm CAF, had already expressed interest in the corridor. Railway sources said only minor differences are left to be ironed out before the crucial state support agreement (SSA) is inked between the government and Indian Railways. The state is working on the modality of penalising the contractor if the project is delayed due to government agencies. The proposed corridor got a shot in the arm after the Indian Railways revised its requirements for the project in August. The Railway Board increased land parcel by 212 per cent and reduced acquisition of private property by 96 per cent and that of private land by 51 per cent. However, the schedule of qualification process has suffered a slight delay with the second Pre-Application conference for prospective bidders, scheduled for September 6, being pushed to October 20. "Interested parties have sought more time to gather documents to qualify for the bidding process," said a railway official. Following the revision, the board indicated that a copy of the SSA would be provided to shortlisted candidates on the day of the sale of bid documents.
Posted on: Thu, 26 Sep 2013 04:07:05 +0000
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