Maytas consortium lowest bidder for Hyderabad Metro

Hyderabad: Maytas Infra led consortium has emerged the lowest bidder for the Hyderabad Metro Rail Project. The Rs. 11,814-crore scheme envisages construction of a 71-km-long elevated railway line in the twin cities of Hyderabad and Secunderabad.

However, the official clearance is expected soon after getting the bid approved by respective authorities.

The State Government has formed a special purpose vehicle (SPV) called Hyderabad Metro Rail Ltd to take up the project.

The scheme is expected to ease the ever increasing traffic on the city roads, the Metro Rail Project would cover three different lines with a total length of 71 km with an initial estimation of Rs 9,696 crore. The project cost has recently been hiked to Rs 11,814 crore by the Government.

The Maytas Infra-led consortium included Navabharat Ventures Ltd, Ital Thai Development Public Company and IL&FS.

Maytas has emerged the lowest bidder among the five players that were shortlisted for the project.

The consortium has reportedly agreed not to use the viability gap funding (up to 20 per cent of the project cost) offered by the Union Government.

The 29.87 kms Miyapur-LB Nagar stretch will have 27 stations, the Jubilee Bus Station-Falaknuma line with a length of 14.78 km will have 16 stations. The third route, Nagole to Shilparamam will cover 26.51 km, touching 23 stations.

The Hyderabad Metro project is the first public-private partnership project to be approved by the Union Government.

Five international consortia of companies were pre-qualified for the BOT (build-operate-transfer) project. This included Reliance Energy-Bombardier (Canada); GVK-Gammons-Alstom (France)-IDFC and Essar Constructions-led consortium.

The project will also get Rs 969 crore from Central Government’s Jawaharlal Nehru Urban Renewal Mission scheme and a matching amount from the State Government.

The State will provide land required for building stations, parking lots and space needed at the terminal stations.