TTIPL – RVNL JV Wins Varanasi – Kolkata Expressway’s Package 8

Another package down! Tracks and Towers Infratech – Rail Vikas Nigam (TTIPL – RVNL JV) on Monday was declared as the lowest bidder for 610.417 km Varanasi – Ranchi – Kolkata Expressway‘s 37.3 km Package 8 in Jharkhand.

This greenfield expressway project by National Highways Authority of India (NHAI) will be built at an estimated cost of Rs. 28,500 crore under the Bharatmala Pariyojna (BMP) program.

Its 6 lane alignment will run parallel to National Highway NH-19 (old NH-2) and link Varanasi Ring Road in Uttar Pradesh’s Barhuli village to NH-16 near Uluberia in West Bengal’s Howrah District via Bihar and Jharkhand.

NHAI had began inviting tenders (bids) for construction contracts under Hybrid Annuity Mode (HAM) in November 2022 with 2 year deadlines. Technical bids were opened earlier this month to reveal 15 firms had submitted bids for packages 1, 2, 3, 6, 7, 8, 9 and 10.

Package 8 (37.3 km)

Brief Scope: Sonepurbigha village to junction with NH-22 (Chatra Bypass) near Chatra from km 184.700 to km 222.000

Estimated Cost: Rs. 1186 crore

Firm	Bid (Rs. Crore)
TTIPL – RVNL JV	1271.99
G R Infraprojects Ltd.	1297.87
HG Infra Engineering Ltd.	1357.11
Montecarlo Ltd.	1359.00
MG Contractors Pvt. Ltd.	1426.00
IRB Infrastructure Developers Ltd.	1521.00
Barbrik Project Ltd.	1529.99

TTIPL – RVNL JV’s bid was 7.25% higher than NHAI’s estimate, which is within NHAI’s permissible limit, so a contract be awarded in the coming weeks.

With this development, financial bids for 8 packages (1, 2, 3, 6, 7, 8, 9 & 10) have been opened to reveal their likely contractors, while technical bid evaluation is underway for 3 packages (11, 12 & 13).

A complete list of Varanasi – Kolkata Expressway’s packages, their scope and contractor 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 support the site over here.

– TMRG