Leading infrastructure companies like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra, CAF South Africa are eyeing the Rs 21,147-crore Mumbai elevated rail corridor project.
The railways seeks to implement the 60-km corridor project on public private partnership (PPP) basis and would invite bidding for the same in a few months. Reports suggest that the railways would close the first round by March-end, when the bidders would submit requests for qualification (RFQs). The successful bidder will build the line, operate it and do fare fixation and collection, while the Railways and the state government would provide the land.
The Railways is working out the ground work on the alignment of rail lines for the project, which is touted as the biggest PPP project in the country so far. The Railways expects, given the traffic congestion on the route, the numbers would be more realistic than the Metro PPP lines, where Reliance Infrastructure has not been able to successfully execute the project.
The elevated rail corridor was expected to compete with the Metro in Mumbai under the Mumbai Metropolitan Rail Development Authority (MMRDA), the official said.
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