L&T, NCC bids for Rs 56.88 bn Hyderabad Airport Metro project
The Hyderabad Airport Metro has confirmed the receipt of two significant bids from L&T and NCC for the Rs 56.88 billion tender aimed at selecting an EPC contractor for the Airport Metro project. The bidding event took place at the Metro Rail Bhavan. Preparatory work for the Rs 62.50 billion Airport Metro project has already been completed.
The proposed corridor spanning 31 km will connect the Raidurg metro station to the Airport terminal station comprising 29.3 km of elevated track and 1.7 km underground. This nine-station metro will establish a crucial link between the Information Technology hub of Hitec City and Rajiv Gandhi International Airport at Shamshabad.
Both L&T and NCC have submitted a security deposit of Rs 290 million each furnished as bank guarantees along with relevant documents highlighting their expertise in project execution technical and financial strengths audited financial statements and more. It's worth noting that L&T currently operates the Hyderabad metro under a Public-Private Partnership (PPP) model.
In a recent development, the Hyderabad Metropolitan Development Authority (HMDA) and GMR Hyderabad International Airport have committed to contributing 10 per cent each for the project.
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