Of the seven consortiums that had qualified, only the one led by Reliance Infrastructure Ltd has placed a bid before the Mumbai Metropolitan Region Development Authority (MMRDA).
This came in after the short-listed players had requested repeated extensions of the deadline since December 2008. Reliance Infrastructure has teamed up with Canada-based SNC Lavlin to bid for the Rs 8,250-crore line along the Charkop-Bandra-Mankhurd corridor. “They have quoted a viability gap fund of Rs 2,298 crore. This is a very vital step after delays in submission, mainly due to the global slowdown,” said Ratnakar Gaikwad, Metropolitan Commissioner.
He described the bid as a “reasonable” one and said the MMRDA will take a final call within a month. Reliance Infrastructure has already bagged the contract for the first Metro corridor along the Versova-Andheri-Ghatkopar stretch. The 11.7-km corridor is expected to be commissioned by July 2010.
MMRDA sources say the break-up of the public-private-partnership model would see Reliance Infrastructure spending Rs 5,952 crore, the Centre providing a viability gap fund of Rs 1,532 crore and the implementing agency provid ing the remaining Rs 766 crore. Some sources, however, say the Reliance Industries-led consortium did not submit the bid though officials had gone to the MMRDA headquarters on the Bandra-Kurla Complex.The other players in the fray for the 32 km corridor were the Mukesh Ambani-controlled Reliance Industries with Siemens and Gammon, GE India-L&T-CA-IDPL, Tata Power-Mitsubishi-Tata Realty’s Pioneer Infrastructure, GVK Bombardier-YTL, IL&FS Soma Constructions-Punj Lloyd, and Essar-Alstom.