Railways, Rs 12,132 crore
Larsen & Toubro has won the Rs 12,132- crore Hyderabad Metro Rail project. A three-member committee selected L&T out of eight contenders. The project, which involves developing a 71-km metro rail network, was initially awarded to Maytas Infra Ltd in 2008.
Hyderabad Metro Rail, a Government of Andhra Pradesh enterprise, had to invite fresh global tenders last year after the deal with Maytas was scrapped. Maytas was promoted by the family members of the scam-tainted Satyam Computer Services Ltd.
In all eight consortia- Reliance Infrastructure, Lanco Infratech, GVK, GMR, L&T, Soma-Straburg, Transstroy of Russia and Essar-qualified for the financial bids. However, only three firms, including L&T, completed the formalities.
L&T emerged winner as it quoted the lowest viability gap funding of Rs 1,450 crore against the Rs 4,853 crore offered by the government.
The 71-km long elevated metro rail project will be implemented through public-private partnership on design-buildfinance- operate-transfer basis. Work on the project is likely to start by October this year and is expected to be completed in four years.