Tuesday, April 07, 2015
GMR Infrastructure-led Consortium Bags Rs.5,080 Cr Railway Project
06 Apr, 2015: GMR Infrastructure (GIL) has received letter of award (LoI) for construction of 417 Km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 50.80 billion on EPC (engineering, procurement and construction) basis.
GMR Group is not required to provide significant investment for the project since it is implemented on EPC basis. Earlier in November 2014, GMR led consortium emerged lowest amongst five other bidders for the project through an international competitive bidding process.
The project funded by World Bank is divided into 2 packages i.e., from Mughalsarai to Karchana (near Allahabad) for 180 km and from Karchana to Bhaupur (near Kanpur) for 237 km in the state of Uttar Pradesh. The project involves design and construction of civil, structures and track works for double line railway on design-build lump sum basis and shall be completed in 45 months. The Eastern and Western rail freight corridor projects are expected to be game changers in the country by creating the much required rail transportation capacity.