Thursday, November 15, 2012

Rail Board seeks developer for Elevated Rail Corridor in Mumbai

Image Source: mumbaimetro.com
During August 2012, a total 2,613 project tenders worth Rs. 42,212 crore were floated. Among the floated tenders, 1,999 tenders worth Rs. 10,187 crore were by various State Government entities, 591 tenders worth Rs. 32,002 crore by the Central Government and balance 23 tenders were by private companies.

Image Source: BusinessLine
The most notable tender was issued by Ministry of Railway (Railway Board for development of elevated rail corridor. On 08 August 2012, the board invited RFQs for development of 63 km long, mostly elevated (partially underground/at grade) rail corridor between Oval Maidan-Churchgate-Virar of Western Railway in Mumbai Area. The project will be implemented through PPP on DBFOT basis. The cost of this project is estimated at Rs. 21,000 crore.

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