Six consortia are in the fray for developing the Rs.7,986 crore Hyderabad metro rail project. These include Anil Ambani's Reliance Energy, Bombardier of Canada, Essar Constructions in a joint venture with SREI Infrastructure and Singapore's MRT, Magna Almore (Malaysia) in joint venture with Siemens, Emirates Trading Agency and Nagarjuna Construction Co.

GVK along with Gammons (India), Alstom (France) and Infrastructure Development Finance Co. have also bid for the project. Another bidder include Switzerland's Metrarail along with Macquarie Bank (Australia) and MMC (Malaysia). Navbharat, in a JV with Maystars and Ital Thai (Malaysia), and ITD-CEM are also in the fray.

The BOT developer will provide 60 per cent of the funds while the centre and the state governments will provide 20 per cent each through viability gap funding.

Delhi Metro Rail Corporation has been appointed as consultant and it will provide technical assistance. The metro rail will be constructed on the standard gauge and the entire Phase I will be elevated.

Currently, a preliminary draft proposal is pending with the ministry of urban development. Once cleared and given cabinet approval, work on Phase I will commence by end-2006 with completion scheduled for 2010.

Also See:

Work on Hyderabad MRTS likely to commence by end-2006 (05-Jun-06)