India Times
Date: May 21, 2015

DMRC starts bid to get rakes for Noida MetroNoida Metro to decide on funding in meet todayGreater Noida set for 2 new Metro routesTechnical bids initiated for Noida-Gr Noida Metro linkMetro phase III may get over by year end

NOIDA: The financial bid for the 28.8-km Noida-Greater Noida Metro link was finalized on Wednesday by the Delhi Metro Rail Corporation (DMRC).

The tender, which had been divided into three parts, has been awarded to a consortium of Taiwanese and Indian companies working with a Spanish consultant. The joint venture consisting of Continental Engineering Corporation and Ayesa Engineering, will undertake the construction of the track work for about Rs 1,500 crore, about 15% less than the estimated cost of Rs 1,735 crore. Work on the ground for the track is now expected to begin by June 15.

For Greater Noida this will be the first Metro link providing connectivity between the two cities and Delhi. “The route will prove to be a milestone in the future development of not only the twin cities but the entire state of UP,” said Rama Raman, chairperson and CEO, Noida, Greater Noida and Yamuna Expressway Authorities. “The Metro will boost urbanization, generate employment and provide a surge to economic activity,” he said.

According to DMRC officials, the contract with the consortium involves designing and construction of elevated viaduct and 22 elevated stations. The work is to be completed within 24 months. The technical bids for the track were finalized in March this year. Thirty companies had put in their bids for the mega project. The construction of the route has been divided into three parts and ten bids had been received for the each of the three parts. However, the lowest bidder was awarded the contract.     [FULL  STORY]