The Colaba-Bandra-Seepz (CBS) Metro-3 may run into rough weather again, as the ongoing tendering process may be called off. Reason: the bidders have quoted much higher price than the Mumbai Metro Rail Corporation’s (MMRC) estimate for civil works.
The MMRC has now started negotiation with the bidders to find a solution. If the negotiations fail, the MMRC will go for re-tendering for construction of the 33.5km long twin tunnels and 26 underground stations.
The development means the project is likely to be delayed substantially, which will have a negative impact on the transport infrastructure development in the city.
State chief secretary Swadheen Kshatriya said, “We are hopeful the issue will be sorted out by the end of the month through negotiations. If there is no breakthrough, we will have to invite tenders again.”
According to MMRC officials, the price quoted by the bidders is about 30% higher. Kshatriya said Japan International Cooperation Agency (JICA), which is funding major expenses of the project, has given its approval for negotiations few days ago.
The MMRC has divided the Rs11,000-crore civil works in seven packages, each package comprises construction of 4-5 km long tunnel and a few stations.
The MMRC has received 31 bids from nine consortia for civil works. Incidentally, the tendering process is already running behind the schedule by three months.
MMRC officials said one round of negotiation is over, and the outcome is expected after a few weeks.
Turkey-based company Dogus, Tata Projects, J Kumar and L&T, consortium of IL&FS and China Railway 25th Bureau Group are among the consortia that have bid for Metro-3.
The project has already been delayed significantly, mainly, because of delays by the state government and Centre in forming the required joint venture company (JVC) in time.
The tendering process had to pushed forward several times in the absence of a JVC.