KMV Projects on Tuesday emerged as the lowest bidder to construct 25.16 km package CG3 of the 464 km Raipur – Visakhapatnam Economic Corridor (NH-130CD & EC-15), also known as Raipur – Vizag Expressway.
This new six-lane highway will have a few sections that are access-controlled with a greenfield alignment connecting the states of Chhattisgarh, Odisha and Andhra Pradesh.
Package CG-3 is the 3rd and final section within Chhattisgarh, and will connect Basanwahi – Marangpuri from chainage km 99.500 to km 124.661.
National Highways Authority of India (NHAI) invited tenders for its construction in January 2022 with a 2 year deadline and Rs. 1114.98 crore estimate. Technical bids were opened on March 16 to reveal 6 bidders.
Financial Bid Values
|Firm||Bid (Rs. crore)|
|KMV Projects Ltd.||1084.65|
|Dineshchandra R Agrawal Infracon Pvt. Ltd.||1245|
|Dilip Buildcon Ltd.||1312|
|G R Infraprojects Ltd.||1341|
|Megha Engineering and Infrastructures Ltd.||1500|
|Max Infra (I) Ltd.||Disqualified|
Brief Scope: Development of Six Lane Basanwahi Marangpuri Section of NH130CD Road from km 99.500 to km 124.661 under Raipur Visakhapatnam EC in the state of Chhattisgarh on HAM (Package CG3)
KMV’s bid of Rs. 1084.65 crore was well below NHAI’s estimate of Rs. 1114.98 crore, so a contract should be awarded in the coming weeks to close out the bidding process for this economic corridor’s Chattisgarh segment.
Details on the Raipur – Visakhapatnam Economic Corridor along with a list of all packages and their status can be viewed here.
For more updates, check out the Expressway section or my Home Page! Sign up for free instant email notifications on new posts over here. Like this post? See how you can get early-access to updates and support the site over here.