ID :
15859
Thu, 08/14/2008 - 16:07
Auther :
Shortlink :
http://m.oananews.org//node/15859
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SCOMI CLOSE TO CLINCHING MUMBAI MONORAIL PROJECT
NEW DELHI, Aug 14 (Bernama) -- A consortium, comprising Malaysian company, Scomi Engineering Bhd and its co-partner Larsen & Toubro Ltd (L&T), is believed to be the successful bidder for the RM1.01 billion first monorail project in Mumbai.
The other bidder was Reliance Infrastructure, which had partnered with Japanese firm Hitachi, to construct the 20-km elevated monorail in India'sfinancial capital.
The Times of India reported that Mumbai Metropolitan Region Development Authority (MMRDA) commissioner, Ratnakar Gaikwad, said the main deciding factorwas the time frame to complete the project.
"The bid submitted by L&T and Scomi was more sound and promising than the one submitted by Anil's Reliance Infrastructure and Hitachi of Japan," Gaikwadwas quoted as saying by the Times.
According to Gaikwad, L&T and Scomi promised to complete the project within 24 months while Reliance Infrastructure, headed by its India's business tycoon Anil Ambani, needed over 50 months for the first phase of the megaproject.
In Mumbai, sources familiar with the project told Bernama that Scomi and L&T were in the final process of fine-tuning the pricing details and the finalannouncement could be made any time soon.
Initially, seven companies had submitted their bids for the project, which would be implemented on a built, operate and transfer basis and expected to comeon stream within two years.
Finally, MMRDA shortlisted the bidders to two and Reliance Infrastructure and Scomi and L&T submitted their financial and technical bids for India's firstmonorail project on July 16.
The metro lines would supplement existing railways and help ease the traffic-choked city, with nearly 11 million people who travel daily on publictransport.
The other bidder was Reliance Infrastructure, which had partnered with Japanese firm Hitachi, to construct the 20-km elevated monorail in India'sfinancial capital.
The Times of India reported that Mumbai Metropolitan Region Development Authority (MMRDA) commissioner, Ratnakar Gaikwad, said the main deciding factorwas the time frame to complete the project.
"The bid submitted by L&T and Scomi was more sound and promising than the one submitted by Anil's Reliance Infrastructure and Hitachi of Japan," Gaikwadwas quoted as saying by the Times.
According to Gaikwad, L&T and Scomi promised to complete the project within 24 months while Reliance Infrastructure, headed by its India's business tycoon Anil Ambani, needed over 50 months for the first phase of the megaproject.
In Mumbai, sources familiar with the project told Bernama that Scomi and L&T were in the final process of fine-tuning the pricing details and the finalannouncement could be made any time soon.
Initially, seven companies had submitted their bids for the project, which would be implemented on a built, operate and transfer basis and expected to comeon stream within two years.
Finally, MMRDA shortlisted the bidders to two and Reliance Infrastructure and Scomi and L&T submitted their financial and technical bids for India's firstmonorail project on July 16.
The metro lines would supplement existing railways and help ease the traffic-choked city, with nearly 11 million people who travel daily on publictransport.
