Larsen & Toubro today emerged as the lowest bidder to construct the first 7.955 km elevated section (ECV-01) of Chennai Metro’s new 26.09 km Line-4 (Light House – Poonamallee) and 47 km Line-5 (Madhavaram – Sholinganallur), after officials from the Chennai Metro Rail Ltd. (CMRL) opened financial bids.
This section of Line-4 with 9 stations from Power House to Porur Junction on Arcot Road will include a roughly 4.2 km double-decker integrated section with Line-5 with 5 stations between Alwartiru Nagar and Porur Junction.
CMRL had invited tenders (bids) for this section of the 118.9 km Chennai Metro Phase 2 project in July with an estimate of appoximately Rs 800 crore, and expects the assigned contractor to finish all civil works within 1080 days (2.95 years). Technical bids were opened in October to reveal 3 bidders.
|Larsen & Toubro (L&T)||Rs. 1035.30 Crore|
|Hindustan Construction Company Ltd. – KEC International (HCC-KEC) JV||Rs. 1099.15 Crore|
|NCC Ltd.||Rs. 1449.96 Crore|
Scope: CMRL invites open e-tender from reputed, experienced, financially sound, eligible applicants, who fulfill the qualificiation criteria as mentioned in the tender through International Open Competitive (IOCT) under Single Stage Two Envelope (Technical & Financial) system for the works as detailed below: Construction of Elevated Metro Stations at Power House, Vadapalani, Saligramam, Avichi School, Alwartiru Nagar, Valasaravakkam, Karambakkam, Alapapakkam Junction, Porur Junction & Associated Viaduct from Chainage 10027.102 to Chainage 17982.240 & all associated works.
This section of the Line-4 will be partly financed by the Asian Infrastructure Investment Bank (AIIB) through a $356.65 million (approx. Rs. 2700 crore) loan. The loan’s concept review was approved on December 13, 2019, and a formal appraisal decision is currently pending.
L&T’s bid of Rs 1035.30 crore was roughly Rs 235.30 crore (29.41%) higher than CMRL’s estimate – so it remains to be seen if CMRL will bite the bullet and award the contract to get work started OR scrap the process and re-invite bids.
A list of all Chennai Metro Phase 2 tenders (civil, systems) and their status can be viewed here.
For more updates, check out the Chennai section of The Metro Rail Guy!