Pune Metro | PMRDA appoints Deloitte as transactional adviser for metro project

Pune: The Pune Metropolitan Region Development Authority (PMRDA) has appointed Deloitte as transactional adviser to ready its bid document and evaluate companies that have made a bid for the metro project.

The metro rail project from Hinjewadi to Shivajinagar will be implemented under the public private partnership (PPP) model and cost Rs 7,947 crore.

"We have a team of six people from the company who are experts in the field of traffic management, real estate, financial, railway engineering, taxation and law. They will evaluate the qualification of the bids and ready the agreement by September end,"" stated PMRDA chief Kiran Gitte on the proposed 23.33 km Hinjewadi-Shivajinagar stretch.

The officials have been asked to ready the request for proposal and the draft of the concession agreement by September. PMRDA expects the officials to work with them till the bid is finalised. They will have to check everything from design, cost, the success of the project and transactions in the coming six months till the deal is finalised and after that too the officials will be retained till the work is completed, stated officials.

PMRDA chief said that the transaction advisery for the project will execute the lease and legal agreement and has been chosen after evaluating several proposals.

Three companies have evinced interest in executing the project and in the tendering process. While the bid will be readied by September the same will be finalised by end of 2017.

PMRDA will go for branding of the proposed 23 metro stations on this stretch and a letter has been sent to industry associations to develop these metro stations.

Comments

Post a Comment

Popular posts from this blog

Chennai Metro | CMRL releases map of Phase 2 metro project

Image
Chennai: Chennai Metro Rail Limited has officially released a route map for its ambitious phase 2 metro project that will connect far-flung areas of the city through three corridors. In February, Metro Rail floated nine tenders for detailed design consultants and for soil tests. In one of the tenders, it has released a map of phase 2 with 104 stations, covering 107km. The estimated cost of the project is Rs 85,047 crore. Chennai Metro Phase II Network Map (PC: CMRL) However, after a review of the alignment, CMRL officials said they had increased the number of stations to 116 covering a total 107.55km along three corridors. The tenders CMRL has floated are also for corridor 3 (Madhavaram Milk Colony to Siruseri SIPCOT) that covers the IT hub on the OMR and corridor 5 (Madhavaram to Sholinganallur). Corridor 4 that connect Light House to CMBT is likely to be extended up to Poonamallee at an additional cost of Rs 3,850 crore. A feasibility study is at present und...
Read more

Innovative SkyWay technologies: Future Transportation

Image
SkyWay string transport is an energy and transportation communicator of elevated overpass type. It uses electric vehicles on steel wheels riding on specific string rails. The main design differences of this system from other types of railroads of trestle design are pre-stressed tension of the structure, the absence of a continuous solid roadbed, low materials intensity in construction and visual simplicity. The main advantages are economic efficiency, environmental friendliness, durability, reliability, safety and, consequently, high market competitiveness. SkyWay transport is developing in three main areas: high-speed intercity type (up to 500 km/h, and in future, up to 1250 km/h with the transition to a pre-vacuum tube) urban passenger type (up to 150 km/h) and freight type. It has no analogues in its field with the ability to meet the entire range of transportation needs. In future it can be integrated into a unified global energy, information and transportation network, which will ...
Read more

Delhi Metro | DMRC to make phase-III project fully operational by March 2018

The Delhi Metro’s Phase III, an ambitious public transport intervention, will be almost fully operational by March 2018, bringing vast areas of the national capital into the fold of its fast expanding network. Stretches of the Pink and Magenta Lines, which will together measure over 90 km with 61 stations, will be thrown open starting this October and the entire corridors will be functional by next year. The 58-km-long Pink Line, which will connect Majlis Park to Shiv Vihar running along the arterial ring road that encircles the city, will be opened in stages between December 2017 and March 2018, according to the latest Phase III status report. However, a section of the corridor between Nizamuddin and IP Extension in East Delhi may not be operational by March as it is stuck due to issues pertaining to land acquisition. “The date for Nizamuddin to IP Extension section will be worked out after resettlement and rehabilitation issues at Trilokpuri are settled,” the report ...
Read more