Small BusinessRFQ applications for metro rail to be sold from July 24
The Hyderabad Metro Rail Limited (HMRL), the special purpose vehicle set up to implement the metro rail project in the city, had postponed the sale of Request for Qualification (RFQ) applications for global bids to July 24.
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Earlier, it announced to sell the applications from today, according to municipal administration and urban development principal secretary and Hyderabad metro rail project chairman CVSK Sarma.
HMRL issued a notification inviting RFQ on July 16 after Andhra Pradesh government cancelled the earlier contract awarded to Maytas consortium for failing to achieve financial closure despite a three-month extension.
The bidding process for the 71-km rail route would be completed by November 15.An addendum to the notification, issued on Tuesday, said that a copy of RFQ would be posted on the website on July 24. There is no change in the last date for submission of RFQ (September 7).
The indicative price of the project, which would be taken up in a PPP model, is Rs 12,132 crore and is proposed to be executed on a design, build, finance, operate and transfer basis.