Omaxe, DLF, Unitech, JP Associates, REL in the race
20 leading infrastructure and realty players submit pre-qualification bids for the Rs 30,000-cr Ganga Expressway project, report Arun Kumar & Samiran Saha.business Updated: Dec 06, 2007 21:47 IST
The Rs 30,000-crore Ganga Expressway project conceived by the Uttar Pradesh has received an overwhelming response with 20 leading infrastructure and realty players submitting their pre-qualification bids on Thursday, the deadline for receiving the applications.
Reliance Energy and realty players DLF, Unitech, JP Associates and a three-way consortium of Omaxe and GVK Construction and Nagarjuna Constructions, Zoom Developers, GMR Infrastructure, Larsen & Tourbo and DS Constructions are among the leading bidders to build the 1,047-km expressway.
The project, divided into four parts, would be developed on a public-private- partnership model. The state government seeks to build an eight-lane expressway connecting Greater Noida to Ballia close to the Bihar border.
"About 20 companies from across the country have submitted the pre-qualification bids for the project," a source said. Of these, after the final round of bidding, four bidders will be awarded the project as it would be based on the basis of one bidder – one stretch, they added. The entire project is divided into four parts so that it should be completed in three years from the date of the final award, informed sources said.
Sources said the reality biggies such as DLF, Unitech and JP Associates are some of the front-runners for the mega highway projects.
The expressway to be built along the Ganga river would also help in preventing floods, besides ensuring high speed direct connectivity from the western to eastern boundaries of the state.