Larsen and Toubro, HCC among lowest bidders for seven Mumbai Metro rail blocks

Larsen & Toubro, HCC among lowest bidders for seven Mumbai Metro rail blocks :The third phase of the project, estimated to cost Rs 23,136 cr, will be developed on a cash-contract basis, not under the build-operate-transfer model

Mumbai Metro Rail Corporation (MMRC) has received 31 bids from nine consortiums to develop seven sections of the Colaba-Bandra-Seepz corridor.

Seven consortiums have emerged as L1 bidders. Engineering and infrastructure major Larsen & Toubro (in partnership with Shanghai Tunnel Engineering Co) emerged the lowest bidder for two sections (Cuffe Parade to Flora Fountain and Marol to Seepz) of the 33.5-km corridor. Bidders for the other sections include consortiums led by HCC (CST to Mumbai Central section), J Kumar (Dharavi to the domestic airport and the domestic airport to the international one), ITD Cementation (Siddhivinayak to Mahim) and Soma (Mumbai Central to Mahim section).

The third phase of the Mumbai metro project, estimated to cost Rs 23,136 crore, will be developed on a cash-contract basis, not under the build-operate-transfer model used for the 11.4-km Versova-Andheri-Ghatkopar corridor.

MMRC declined to confirm the names of the lowest bidders. “The process is still on. It will take time. MMRC will share the information in this regard at an appropriate time,” Managing Director Ashwini Bhide told Business Standard.

Japan International Cooperation Agency (JICA) has already announced it will provide a loan at low interest for the Colaba-Bandra-Seepz corridor.

This was reiterated by JICA during Maharashtra Chief Minister Devendra Fadnavis’s recent visit to Japan. After a meeting with JICA officials in September, Fadnavis had tweeted JICA would soon start public consultations on the Mumbai metro project.

The Centre has signed a loan agreement with JICA, which will provide 57 per cent of the total overall project cost, or Rs 13,235 crore. The Centre and the state government will contribute equal amounts.

A sum of Rs 777 crore will be borne by Mumbai International Airport.

The Colaba-Bandra-Seepz metro corridor will have 27 stations. Of these, 26 will be underground (the one at Aarey Colony, Goregaon, will be an exceptions).

The corridor, expected to be completed by FY20, will carry 1.39 million commuters daily by 2021 and 1.7 million a day by 2031.

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