A year ago, the City and Industrial Development Corporation (Cidco) had started civil construction for foundation, pillars, via-duct and stations costing around Rs 1,000 crore and more than half of the foundations have already been laid till today. The trains, communication system, signalling, tracks and automatic fare collection will be part of the new rolling stock contract, which will cost Cidco around Rs 920 crore. The first metro line is being built with a cash contract of around Rs 2,000 crore and will be completely owned by the Cidco.
The consortia which have bid for the project include; L&T-BEML-Invensys, Bombardier-Isolux, Ansaldo STSTATA Projects-CNR, Siemens - Siemens AG, ALSTOM Consortium, the CAF Consortium and The Hyundai Rotem – Balfour Betty consortium. One of these will be selected over a period of three months. The metro’s civil construction and rolling stock installation will be carried out by separate developers unlike in Mumbai.
“We are looking forward to commence the first line by mid-2014,” said Cidco MD Tanaji Satre.