Visit our new website:

4 firms bid for Phase 2 UG metro line

  • Sun, 11 Feb 2018 22:35

Financial bids for the 13.7-km underground section of the Gottigere-Nagawara line have been opened. The contract may be awarded within two weeks.

In June 2017, the BMRCL divided the work for the underground section, which will run from Dairy Circle to Nagawara, into four packages.

U A Vasanth Rao, chief public relations officer, BMRCL, confirmed the financial bids were opened but said it would be premature to give more details. "Its the beginning of another process. We are yet to evaluate the bids before moving to the negotiation table. The process may take 10 days," he added.

The cost of construction between Dairy Circle and Langford Town (Package 1; 3.67 km) was estimated at Rs 1,268.90 crore. The Vellara Junction-Shivajinagar stretch (Package 2; 3.62-km) was supposed to cost Rs 1,325.97 crore. Costliest among the four was the Cantonment-Tannery Road stretch (Package 3; 3.32-km)at Rs 1,334.83 crore. Package 4 (Venkateshpura-Nagawara; 3.62 km) was the cheapest at Rs 1,117.86 crore.

While the BMRCL did not release the bidding details, a report on the blog The Metro Rail Guy claimed the lowest bid for the four packages was 69.45% higher than the BMRCLs estimates. While Metro officials had estimated the cost at Rs 5,047.56 crore, the lowest bids were Rs 8,553.45 crore, the report stated.

BMRCL officials, however, refused to comment on the figures. An official, though not aware of the particulars, said the problem arose because of limited competition. "Had there been 12 companies, we would have seen some competition," he noted.

The BMRCL has already pushed the deadline for Phase 2 from 2020 to March 2021. Its unclear how it will expedite the work on the most difficult part of Phase 2, the underground stretch.

Deccan Herald - City


US Weekly

Related Stories

Le Creuset to debut whimsical, pastel-hued “Sorbet” line for the summer
  • Fri, 25 May 2018 18:45

The limited edition collection includes ice-cream bowls and espresso mugs. The Georgia Straight

Senators urge Trump to take hard line in dealings with China
  • Thu, 24 May 2018 12:44

(Reuters) - At least 27 of the 100 U.S. senators, both Democrats and President Donald Trump’s fellow Republicans, urged his administration on Tues...

Fall In Line (feat. Demi Lovato) - Christina Aguilera
  • Thu, 24 May 2018 12:39

Fall In Line (feat. Demi Lovato) [Official Video] ...

Deutsche Bank shareholders are ramping up the pressure on the firm's chairman and CEO
  • Thu, 24 May 2018 12:38

The lender's share price is tumbling, revenues are declining and that despite many big U.S. banks posting record profits. Europe News

Berlin agrees to compensate power firms for nuclear phase out
  • Thu, 24 May 2018 05:33

The German government approved a draft law on Wednesday that paves the way for energy giants RWE and Vattenfall to receive hundreds of millions of eur...

Cyber firms warn on suspected Russian plan to attack Ukraine
  • Wed, 23 May 2018 20:42

(Reuters) - Cisco Systems Inc on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with...

Chelsea FC transfer news: How the Blues could line up with new signings in the 2018/19 season
  • Tue, 22 May 2018 14:19

After a disappointing Premier League season in which they finished fifth, Chelsea will be looking to make some big acquisitions in the transfer window...

Backstop option is bottom line for Northern Ireland stability, pro-Remain parties say
  • Tue, 22 May 2018 13:23

The proposal was drawn up to avoid a hard Irish border if the EU and UK cannot agree a deal before next year’s withdrawal. Ireland: BreakingNew...

New phase of globalization could undermine efforts to reduce CO2 emissions
  • Mon, 21 May 2018 20:16

New research reveals the growth of carbon production from Chinese exports has slowed or reversed, reflecting a 'new phase of globalization' between de...

New internet laws pledged as social media firms snub talks
  • Sun, 20 May 2018 20:38

Only four of 14 firms invited for talks turned up, culture secretary admits, as he pledges new laws. BBC News - UK Politics

EU could compensate firms hit by US sanctions over Iran - French minister
  • Sun, 20 May 2018 20:38

Bruno Le Maire referred to EU rules going back to 1996 which he said could allow the EU to intervene. Europe News

France pushes to compensate firms hit by US sanctions over Iran
  • Sun, 20 May 2018 20:38

France is looking to see if the European Union could compensate European companies that might be facing sanctions from the United States for doing bus...

News Categories