In a major fillip for infrastructure development on the Delhi-Gurgaon Expressway, which is perennially choked by vehicles, the National Highways Authority of India on Friday opened the financial bids for the construction of three crucial underpasses on the highway.
After evaluation of the bids, Gawar Construction Ltd has emerged as the lowest cost bidder at Rs 700 crore.
Additional work of Rs 300 crore is expected to take the cost of the project to Rs 1,000 crore. The underpasses will be constructed at Rajiv Chowk, Signature Tower Crossing and Iffco Chowk, the three major bottlenecks on the road.
The underpasses are expected to smoothen the east-west flow of traffic across the highway. The cost of the projects will be shared by the NHAI and the Haryana government.
NHAI officials said five bidders qualified for the financial proposal. The bids were opened on Friday. After Gawar Construction Ltd, Larsen and Toubro Ltd quoted the lowest cost. The contract is likely to be awarded to the lowest bidder next week. The company will have to start work within a month.
“We opened the financial bids today (Friday). After analysis, we found that Gawar Constructions is the lowest bidder. After detailed evaluation of the financial proposal, the project will be allotted to them next week,” said BS Singla, chief general manager, NHAI.
Dinesh Yadav, general manager (technical), Delhi, said after the financial proposal is analysed, the authority will make a recommendation to award the project to the lowest bidder.
The NHAI has set time limit of 30 months for finishing the work on the underpasses. The company will have to maintain the structures for four years.
Iffco Chowk Flyover will be constructed at a cost of Rs 285.12 crore. It will have a circular bridge, ramp and an underpass.
The Signature Tower underpass will be built at a cost of Rs 215.01 crore. It will comprise a roundabout towards Maharana Partap Chowk. At Rajiv Chowk, the underpass will be built at a cost of Rs 234.32 crore.