Bids invited for Rs 20,000 crore bullet train project

The National High Speed Rail Corporation (NHRSCL) has invited bids for 237 km out of 508 km-long Ahmedabad-Mumbai bullet train project, which is the biggest ever contract for civil construction in India. Sources said the project would cost about Rs 20,000 crore and the successful bidder will have to complete the work in 44 months 

Industry sources said only a handful of Indian infrastructure majors such as L&T and AFCON can bid for such a huge project and they would also need to have joint venture with Japanese companies such as Hitachi Construction and Mitsubishi Construction. They added Japanese firms can also independently bid for the works considering their vast experience. 

The companies will have to submit their bids with Rs 200 crore security amount, the tender document published on Friday said. “Usually, the bid security amount is about 1% of the project cost. Hence, the works would involve around Rs 20,000 crore investment or expenditure,” said a government official, who has been involved in rolling out of mega infrastructure projects

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source: internet.