The Karnataka Government on 26 April 2010 short listed five private conglomerates, which include the Reliance Infrastructure-CSR Nanjing Rolling Stock Company for developing the 34 km high speed rail link (HSRL) from Bangalore city to the airport at Devanahalli in Karnataka.

The other consortiums who are short listed for HSRL are Pioneer Infratech -Siemens Project Ventures, Lanco Infratech - OHL Concessions S.L., L&T Transco and ITD-ITD Cem-Soma Enterprises Joint Ventures.

The competitive bids for the Rs 6,900-crore project are likely to be opened on 12 August 2010 and the LoA is to be issued on 17 September 2010. The concession agreement will be signed within 30 days of awarding the final bid.

Of the total project cost, the state government is expected to contribute Rs 532 crore while the Union Government is expected to release Rs 1,040 crore.

A total of 65.95 ha -- comprising BBMP land (0.96 ha), other Government land (12.20 hectares), National Highway Authority of India (8.61 ha), private lands (44.19 ha) - will be acquired for the project. The project is expected to be completed in 33 months after the work starts in February 2011.

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