Pune’s HCMTR Plan Receives Bids Over Rs 8,000 Crore
An association of Adani Group, Welspun Enterprises and China Third Engineering has put in a bid of Rs 8,000 crore for the upcoming High Capacity Mass Transit Route (HCMTR) in Pune.
The bid is about 40 per cent higher when compared to the reserve price of Rs 5,200 crore set by the Pune Municipal Corporation.
“Another consortium comprising India’s Gawar Construction and a Chinese firm has put in a slightly higher bid,” said Anirudh Pawaskar, the head of the roads department at Pune Municipal Corporation (PMC). PMC is the procuring entity for the project.
The HCMTR encircles a large part of the cities of Pune and Pimpri-Chinchwad area, to ease traffic congestion in the ninth populous city. This project is an elevated six-lane road, spanning 35.96 km and will have two dedicated lanes for the bus rapid transit system with 26 stations.
Following this higher bid, PMC has decided to take another look at the tender.
The Corporation has now asked its consultant to look at the bidders’ suggestions to ascertain the reasons for the higher-than-expected costs. “We will review the report once it is ready,” said Pawaskar. When contacted, companies declined to
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