Deloitte Awarded Pune Metro Line-3’s Transaction Adviser Contract
Big Four firm Deloitte Touche Tohmatsu Limited, simply known as Deloitte, has been awarded a contract by the Pune Metropolitan Regional Development Authority (PMRDA) to serve as the transaction adviser for Pune Metro’s 23.33 km Line-3 (Hinjawadi – Shivaji Nagar) which will be built on the public–private partnership (PPP) model at an estimated cost of Rs. 7947 crores.
Their scope of engagement involves preparing bid documents and evaluating the bids submitted by different companies, similar to what a General Consultant would do.
As per PMRDA’s chief Kiran Gitte:
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.
Pune Metro’s Line-3 map – Source: Pune Metro – view Pune Metro map & info
Line 3 stations – Megapolis Circle, Quadran, Dohler, Infosys Phase II, Wipro Phase II, Pall India, Shivaji Chowk, Hinjewadi, Wakad Chowk, Balewadi Stadium, NICMAR, Ram Nagar, Laxmi Nagar, Balewadi Phata, Baner Gaon, Baner, Krushi Anusadhan, Sakal Nagar, University, R.B.I., Agriculture College, Shivaji Nagar (interchange with Line-1’s underground station) and Civil Court (future station).
After approving the line in December 2016, the PMRDA invited Request for Quotation (RFQ) bids from global bidders in March 2017 and received responses from 3 firms including Tata-Siemens JV and IRB-IL&FS JV. With Deloitte on-board, PMRDA plans to have the request for proposal (RFP) document & the draft of the concession agreement ready by September, and hopes to have a concessionaire for executing the project appointed by the end of the year.
For more updates, check out the Pune section of The Metro Rail Guy!
– TMRG
Like Mumbai, Pune will have mix of govt and PPP lines?
Correct. Line-1 and Line-2: EPC model ; Line-3: PPP model.
IRB and IL&FS are not in a JV. They have submitted separate prequalification applications.
Thanks – I’ve just reported what HT said. So that makes it 4 firms?
Three consortia:
1) Tata(Real Estate Infra Ltd) + Siemens
2) IRB+Chinese and Malaysian companies
3) IL&FS
Great, thanks! Could you also provide a rough timeline & roadmap for what’s left in the bidding process?
I personally don’t see this project moving forward in its current form. PMRDA barely has enough staff of its own and 2 out of the 3 bidders don’t have any experience in metros. It’s likely that the project would be taken over by Maha Metro Rail Corporation – the SPV that is currently executing the other 2 lines of Pune Metro.
Is there link on on which contract document for Metro document for line 2 is available?