Ground level works for the much-awaited Hyderabad Metro Rail (HMR) project will start in November, the municipal administration minister, Mr Anam Ramnarayan Reddy, informed the Assembly on Friday. He was responding to a question from the Congress legislator, Mr D. Sudheer Reddy.
The letter of award for the project will be issued to the new developer in May. The developer will have to complete the project in five years. The cost for the project is estimated to be Rs 12,132 crore, the minister added.
Later, HMR managing director, Mr N.V.S. Reddy, said, the government has received pre-qualification bids from eight consortia to implement the project through DBFOT (design, build, finance, operate and transfer) mode.
Reliance ADAG, GMR, L&T, Lanco–OHL (Spain), Essar Leighton (Australia)-Gayatri-VNR, GVK-Samsung (South Korea), Transstroy–OJSC (Russia)-CR 18 (China)-BHML and Soma-Strabag (Austria) are the companies in fray for the project. The name of the new concessionaire would be finalised by April-end.
Fortress Limited would be the consulting agency for the bidding process, whereas the technical, financial and legal aspects would be examined by Barsyl, Delo-itte, and Luthra & Luthra