GMR Infrastructure-led consortium has emerged as the lowest bidder for two packages of the Eastern Dedicated Freight Corridor.
The project involves construction of a 417 km long double track railway line from Mughalsarai to New Bhaupur (near Kanpur) on EPC basis.
Dedicated Freight Corridor Corporation of India (DFCCIL) received five bids for the project wherein the GIL-led consortium quoted a price of Rs 5,080 crore. The award of work will be subject to approval by DFCCIL.
As part of Asset Light Asset Right strategy, GMR Group is not required to provide any equity for the project since it is to be implemented on EPC basis. The project is financed by World Bank through DFCCIL. The project is to be completed in 45 months after award.
The 1,835 km Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata.
GMR Infrastructure is implementing two railway projects for Rail Vikas Nigam (RVNL) at present and has the requisite experience to implement the project.
More Project Info:
Eastern Freight Corridor Project