| Author | Message | ||
     Rajusk Comedian Username: Rajusk Post Number: 1681 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
The target is 2012! The Govt has not been able to complete mere 20 KM road on the ground (To Airport) in 4 years ...so if the YSR govt comes back to power...you know what to expect | ||
| Jalsa Junior Artist Username: Jalsa Post Number: 372 Registered: 02-2008 Posted From: 69.115.255.167 Rating: N/A |
when will this project start? and complete? | ||
| Rajusk Comedian Username: Rajusk Post Number: 1680 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
THE consortium lead by city-based Nav Bharat Ventures has bagged the contract for the Rs 9,200-crore Hyderabad Metro Railway project beating four other large bidders. Maytas Infrastructure, IL&FS and Ital Thai are the other partners of this consortium. According to project officials, the contract has been awarded based on the evaluation of the financial bids. The four other consortia shortlisted were Essar Constructions-SREI; Singapore MRTMagna Allmore-Siemens-Emirates Trading Agency- Nagarjuna Constructions; Reliance-Bombardier; GVK-Gammon-Alsthom and IDFC. A formal announcement is expected to made shortly. Nav Bharat Ventures is a diversified company with interests in power, ferro alloys, sugar and down stream products and infrastructure projects. The Hyderabad Metro is being touted as the largest public-private partnership project in the state and will be executed on a build operate and transfer (BOT) basis. The state government has given the go-ahead for setting up a special purpose vehicle (SPV) to implement the elevated metro rail project. The SPV will have an authorised capital of Rs 1,000 crore and a paid-up capital of Rs 100 crore. The project would get a concession period of 35 years, including five years during construction, and later all the assets of the mass transit system would be transferred to the state government. The metro project will be on a 67-kilometre stretch and will decongest three dense corridors: Miyapur–LB Nagar (30 km), JBS–Falaknuma (15 km) and Osmania University –Shilparamam (22 km). It will be implemented under the Centre’s Viability Gap Funding Scheme wherein 20% of the project cost will come from the Centre and up to 20% from the state government. Besides, the state government will pick up 11% stake in the equity capital of the SPV. The remaining project cost will be borne by the developer. As metro rail projects may not be financially viable, real estate will be developed over the depots and next to about 33 of the 63 proposed stations. They plan to replicate models followed in Singapore, Tokyo and Hong Kong. But the commercial property would be developed by the bidder from own funds and this will be outside the project cost. The Andhra Pradesh government has, in fact taken a cue from the Delhi Metro Railway Corporation. |
