IL&FS Transportation Networks has announced that their IL&FS – PJSC Kyivmetrobud JV has emerged as the lowest bidder for constructing Chennai Metro’s UAA-09 package which involves the construction of two underground stations at Sir Thiyagaraya College & Korukkupet on Chennai Metro’s 9 km extension from Washermenpet to Wimco Nagar. This northern extension of the 23.10 km Chennai Airport – Washermenpet line was approved by the Ministry of Urban Development in December 2015 and Afcons Infrastructure has already started work under contract UAA-08 for building its 2.4 km tunnels & station diaphragm walls.
As per a notice by IL&FS to BSE & NSE:
The Joint Venture comprising of the Company and M/s. PJSC Kyivmetrobud in the ratio of 70:30 had submitted bids with the Chennai Metro Rail Limited (“CMRL”) on Item Rate basis for “Design Validation and Construction of works of underground station (Excluding Station Diaphragm Walls) Associated Structures at Concourse, Platform Level, Entry/Exit, Ancillary Building, Pumphouse, Water Tanks, Ventilation Shafts, Plumbing and Earthmat etc., and Architectural Finishes, Signage’s etc.(“the Project”)
We wish to inform that the Joint Venture has emerged as the Lowest Bidder for the development of the Project. The Joint Venture had quoted an amount of Rs. 371.218 Crore for the Project to be completed in a period of 20 months.
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