AMRC fast tracks Rs.8,800 cr metro project

    Amaravati Metro Rail Corporation Ltd (AMRC)
    The much-anticipated Vizag Metro Rail (VMR) is all set to get a preliminary clearance as the Amaravati Metro Rail Corporation Ltd (AMRC), which is receiving bids from players for Expression of Interest (EoI) cum Request for Qualification (RfQ) shortly. For the mega metro project, which entailed an investment worth Rs.8,000 crore, the government will shortlist contractors based on their past performance records. Once this process is cleared, the AMRC will go for the Request for Proposal (RfP), which is likely to take place by the middle of this year, a senior AMRC official said, adding that most of the interested players are from foreign countries including Siemens from Germany, Alstom from France, Hyundai and Bancor-Investments from South Korea, Mitsui from Japan, KfW-IPEX from Germany, Orix from Japan, Ansaldo from Italy and Prasarana from Malaysia have shown their interest to execute the metro rail project. For the project, which is being built on public-private-partnership (PPP) model, AP government will have to contribute a maximum Rs 4,500 towards the civil works. The remaining amount will have to be borne by the private player for taking up the operational and maintenance works. The government contribution includes provision of land and necessary infrastructure, which is immovable like the metro stations.
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