BMRCL will issue a request for proposal to five shortlisted business
groups once it gets the board’s approval and the necessary clearances
Bangalore: Aproposed high-speed rail link aimed at shortening travel
time between Bangalore’s city centre and the airport to as little as 25
minutes may be resurrected with Bangalore Metro Rail Corp. Ltd (BMRCL)
set to take up the matter at its board meeting later this month.
BMRCL,
which was given the mandate for the project in October, will issue a
request for proposal (RFP) to five shortlisted business groups once the
board approves the project and necessary clearances are obtained. An RFP
contains details of a project and seeks proposals from potential
bidders.
The five groups were shortlisted following a request
for qualification (RFQ) in June 2010. An RFQ is a call for companies to
outline their qualifications for executing a project.
Road
congestion in Bangalore, the country’s information technology hub,
forces travellers to spend up to two hours during peak hours to traverse
the 35km distance from the city centre to the airport at Devanahalli.
New Delhi is currently the only Indian city that has a high-speed rail
link to the airport.
The five entities are Reliance
Infrastructure Ltd and CSR Nanjing Puzhen Rolling Stock Co. Ltd; L&T
Transco Pvt. Ltd; Italian Thai Development Public Co. Ltd and Soma
Enterprise Ltd; Pioneer Infratech Pvt. Ltd and Siemens Project Ventures
GmbH; and Lanco Infratech Ltd and OHL Concessionaires SL.
“We
will take it before the board after doing the due diligence,” BMRCL
managing director N. Sivasailam said. “There will be a board meeting in
December and we will be ready with our views on the subject”.
Sivasailam
also said BMRCL had received a positive response from Bangalore
International Airport Ltd and would take the airport operator on board
for the high-speed rail link project.
The project remained
stalled because the state government had to modify the holding structure
of Bangalore Airport Rail Link Ltd (BARL)—the special purpose vehicle
to implement the project—to be eligible for viability gap funding of up
to Rs. 1,047 crore for the
private-public-partnership project. The funding is offered to make
economically essential projects commercially viable.
The Karnataka
state government decided to hand over the mandate of the project to
BMRCL, which is already a joint venture between the state and the Union
government, which has a 25% stake in BMRCL.
First approved by the
Karnataka government in 2007, the project proposed to design a 33km
line between MG Road in central Bangalore to the international airport
at Devanahalli outside the city limits. To be built at a cost of Rs. 5,767 crore, trains would run at a maximum speed of 160km per hour and cover the distance in 25 minutes.
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