The Andhra Pradesh Government has decided to invite fresh global bids for the Hyderabad Metro Rail Project, after it scrapped the contract with Maytas Infra-led consortium.
According to sources, the bids will be invited on 16 July 2009 while the final bidder is likely to be announced on 15 November 2009. The government has decided to increase the caution money for the Rs 12,132 crore project from 0.5 per cent of the contract to one per cent, which works out to Rs 120 crore. The Government is likely to take this up the metro venture basing on viability gap funding (VGF) mode. This is in contrast to earlier approach of awarding the contract to Maytas Infra, which had based the project on commercial exploitation of real estate. -- Thanks & Regards, Abhishek Kothari --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
