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Hyderabad metro fails to get bidders

Chalanachithram.com DB » Archives » Archive through April 19, 2010 » Hyderabad metro fails to get bidders « Previous Next »
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Methhanithodugu
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Username: Methhanithodugu

Post Number: 3445
Registered: 12-2008
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Posted on Monday, April 19, 2010 - 12:32 pm:       

Hope Fully Scallion its the Whole Ap will be at loss ...if Hyderabad is in COMA ...
Methhani-thodugu- SOFTWEAR ~ SOFTWARE
 

Scallion
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Username: Scallion

Post Number: 3893
Registered: 05-2009
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Posted on Monday, April 19, 2010 - 12:28 pm:       


Methhanithodugu:

hyderabad is dead




I don't agree with this statement... I think Hyd is in coma, I am sure it will recover
Jai NTR, Jai Jai TDP
 

Methhanithodugu
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Username: Methhanithodugu

Post Number: 3443
Registered: 12-2008
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Posted on Monday, April 19, 2010 - 12:20 pm:       

hyderabad is dead

Lets at least Do Outer Ring Road antey even that is also is Half Cooked Rice

- Land Procurement is yet to be done
- Japan Funding sparingly
- Lot of Infighting of Congi City MLAss

and
Hope fully Hyd- VZWD will be done its a Road of Hell at least 5 deaths a day is Avg ...

Methhani-thodugu- SOFTWEAR ~ SOFTWARE
 

Humpty_dumpty
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Username: Humpty_dumpty

Post Number: 6679
Registered: 02-2009
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Posted on Monday, April 19, 2010 - 12:18 pm:       

idhi vasthundoo raadho teliyadhu...errr...raadhu anukuntunna

but deeni peru cheppi property tax raise chesaaru...not fair
 

Nippu
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Username: Nippu

Post Number: 2377
Registered: 12-2008
Posted From: 171.159.192.10

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Posted on Monday, April 19, 2010 - 12:17 pm:       

june 7th deadline anta .

sooddam em iavuddo.


asalu mana ysr batch finger yetta kunda vunte kanuka 2009 nov lo project start avvali .
 

Nippu
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Username: Nippu

Post Number: 2376
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Posted on Monday, April 19, 2010 - 12:15 pm:       

nenu anukovatam oka line vesi prastutaniki sari pedatharu three lines lo .

that is what i think.
 

Nippu
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Username: Nippu

Post Number: 2375
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Posted on Monday, April 19, 2010 - 12:14 pm:       

Asalu yellemma em ichesaru swamy villu projects ee five years lo.

freebies ichi dengi one lakh budgets ani cheppukovatam tappa.

chavata nayallu.
 

Nippu
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Username: Nippu

Post Number: 2374
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Posted on Monday, April 19, 2010 - 12:13 pm:       

sridharan gadi mida thegha gola chesaru we will sue you ani mana state govt nayallu.

chethakani daddamallu swamy.
oka project ni sarigga handle cheyyatam rani waste and kojja nayalllu.
 

Methhanithodugu
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Username: Methhanithodugu

Post Number: 3441
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Posted on Monday, April 19, 2010 - 12:13 pm:       

1 more MILESTONE of Ap Govt last 12 Yrs
Bloody Hell in Hyderabad Traffic...

Banglore it started last year itself ...Whole MG Road is almost done I guess....
Delhi has Best Metro Speed Train
Mumbai Whole Middle Class is in it
Kolkatta Whole Working Class
Chennai Whole Localites....



Methhani-thodugu- SOFTWEAR ~ SOFTWARE
 

Nippu
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Username: Nippu

Post Number: 2373
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Posted on Monday, April 19, 2010 - 12:12 pm:       

sridharan gadu full navvukunta vudni vuntadu .

ee vedhavalan ichusi.
 

Nippu
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Username: Nippu

Post Number: 2372
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Posted on Monday, April 19, 2010 - 12:11 pm:       

already GMR , GVK and reliance may back out antunnaru .
 

Scallion
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Username: Scallion

Post Number: 3892
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Posted on Monday, April 19, 2010 - 12:11 pm:       


Scallion:

Similarly, nearly 30 per cent of the project cost has the real estate component - the developer can lease commercial spaces in the metro rail station





Jai NTR, Jai Jai TDP
 

Nippu
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Username: Nippu

Post Number: 2371
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Posted on Monday, April 19, 2010 - 12:09 pm:       

ninne choosa ee news endukule andarini dissappoint cheyyatam ani veyyala thread.

appduu emo ysr leg petti venakki thosadu , ippduu emo companies are not interested.
 

Scallion
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Username: Scallion

Post Number: 3891
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Posted on Monday, April 19, 2010 - 12:08 pm:       


Scallion:

The works are expected to commence by October and the project would be completed in the next four years. "We don't anticipate any problem in executing the project," he said.




Eyana comedy mamulu comedy kaduga... akada evadu bid cheyatanikee ready ga ledura babu ante eeyana project 4 years lo complete ayipothundhi ani comedy
Jai NTR, Jai Jai TDP
 

Scallion
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Username: Scallion

Post Number: 3890
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Posted on Monday, April 19, 2010 - 12:05 pm:       

The much-hyped Hyderabad Metro Rail Project has hit the roadblock with the pre-qualified bidders evincing least interest in submitting their financial bids before the stipulated deadline.

The Andhra Pradesh government had earlier set April 9 as the deadline for submission of financial bids and later extended it to April 21. However, since none of the shortlisted bidders came forward till Saturday, it has extended the deadline further till June 7.

Hyderabad Metro Rail Corp managing director N. V. S. Reddy said that the date had to be extended because most of the bidders were yet to complete traffic potential studies, financial modelling and other formalities.

"There will be no further extension of the date," Reddy said.

Earlier this month, Reddy said the Rs 12,132- crore project would go as per schedule. The new concessionaire would be in place by April end and the concession agreement would be signed in the first week of May.

The works are expected to commence by October and the project would be completed in the next four years. "We don't anticipate any problem in executing the project," he said.

On February 22, the state government finalised technical bids of eight consortia for taking up the metro rail project. The technically qualified bidders are L& T, Lanco-OHL consortium, ADAG, GVK-Samsung consortium, GMR, Essar- Leighton- Gayatri- VNR consortium, Transstroy-OJSC and Soma Enterprise Ltd- Strabag SE consortium.

Sources in the municipal administration department said the bidders were apprehensive of the financial viability of the Hyderabad metro rail project. In fact, a couple of bidders recently wrote to the HMRC stating that the project was not commercially viable for various reasons such as unrealistic revenue projects from passenger traffic, possibility of escalation of project cost, inadequate viability gap funding (VGF) and drastic fall in realty value.

Sources said the project, which is proposed across three traffic corridors covering a total distance of 71.6 km with 66 stations, cannot be handled by a single consortium. The viability gap funding of Rs 4,853 crore, which is the financial support extended by the Centre and state governments to make public- private partnership projects commercially viable, is just not enough in the event of cost escalation.

"The project has to be completed in a phase-wise manner and the VGF should be released phase-wise depending on the prevailing cost. Otherwise, the government should divide it into three packages and entrust them to three different consortia by allocating separate VGF for each of them," sources said.

The bidders are also apprehensive that the projected passenger traffic of 1.5 million a day in the first year of operation might not come through. Similarly, nearly 30 per cent of the project cost has the real estate component - the developer can lease commercial spaces in the metro rail station. But in the wake of fall in real estate market, the bidder might not get the expected revenue. The project also involves large scale land acquisition and demolition of hundreds of constructions in the prime localities of Hyderabad.

The recent revival of the Telangana movement is yet another reason for the lack of interest among the bidders. Most of the companies in the consortia are owned by Andhra industrialists and they are wondering if it is worth investing huge money in the project at this stage, when the Centre is seriously looking into the demand for Telangana.

"It is better the government defers the project for some more time till the political uncertainty is removed," sources said.

The state government had to call for fresh bids after scrapping the deal with the previous consortia led by Maytas Infra following its failure to achieve financial closure in time.


http://indiatoday.intoday.in/site/Story/93530/Business/Hyder abad+metro+fails+to+get+bidders.html
Jai NTR, Jai Jai TDP

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