GMR bags plum rail project
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New Delhi, April 6: A consortium led by GMR Infrastructure has bagged an order for the construction of the 417-km eastern dedicated freight corridor railway project at an estimated cost of Rs 5,080 crore.
"A consortium led by GMR Infrastructure Ltd has been issued the letter of award for construction of 417-km long Eastern Dedicated Freight Corridor railway project at a cost of Rs 5,080 crore on EPC (engineering, procurement and construction) basis," the company said in a statement.
The project, funded by World Bank, is divided into two packages - from Mughalsarai to Karchana (near Allahabad) for 180 km and from Karchana to Bhaupur (near Kanpur) for 237 km in Uttar Pradesh, the company said.
The eastern corridor covers a length of approximately 1840 km.
The project involves the designing and construction of civil structures and track works for double-line railway on design-build lumpsum basis and will be completed in 45 months, the company said.
In November 2014, the consortium had emerged as the lowest bidder among five contenders for the project.
GMR Group will not have to make a huge investment in the project since it is implemented on an EPC basis.
The eastern and western rail freight corridor projects are expected to be game-changers by creating the much required rail transportation capacity.
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