Mumbai co bags Rs 40 cr road contract
MUMBAI-BASED M/s Pratibha Enterprises has bagged the Rs 40 crore contract for phase II of the Bond Road scheme.india Updated: Jan 04, 2006 15:40 IST
MUMBAI-BASED M/s Pratibha Enterprises has bagged the Rs 40 crore contract for phase II of the Bond Road scheme. Twenty kilometres of cemented roads are to be laid under the second leg of the scheme for which a timeframe of 30 months has been set.
The selected firm would also have to carry out removal of electricity poles and felling of such trees as may be necessitated by the construction of roads. A technical committee of the Indore Municipal Corporation (IMC) approved the bid tendered by the Mumbai firm during a meeting held late on Monday evening. It has now been forwarded to the Mayor-in-Council (MiC), for formal approval.
According to sources Pratibha Enterprises and a Hyderabad construction firm had emerged as the only serious contenders for the project. At a meeting late last night, the technical committee handed the contract to the former as it had quoted lower rates. Mayor Dr Uma Shashi Sharma, Speaker Shankar Lalwani and Municipal Commissioner P Narhari were among those present on the occasion.
Major roads proposed under the second phase of the Bond Road scheme are: VIP