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Ahmedabad-Gandhinagar Metro Project 1st Phase To Be Over By 2017

AHMEDABAD, JUNE 10:
The first phase of the Rs 19,000-crore metro rail project between Ahmedabad and Gandhinagar, spanning over 83 km, is scheduled for completion in 2017.

“Request for Proposals (RFPs) of all major systems and procurement have already been floated and tenders related to civil construction are under finalisation process,” an official at Metrolink Express for Gandhinagar and Ahmedabad (MEGA), a company formed to execute the project, said preferring anonymity.

“The first phase of the project will be completed in 2017 and the rest in 2021,” he said.

MEGA is a state-formed special purpose vehicle (SPV) for the project execution, with an authorised capital of Rs 200 crore and initial paid-up capital of Rs 10 crore.

The project covers around 83 km connecting important points of Ahmedabad like Kalupur railway station, civil hospital, airport and GIFT city, state secretariat and Akshardam.

“This project will include around 64 km of elevated corridor and 19 km of underground. The elevated corridor construction work will be taken up first on priority,” sources said.

However, the State proposed 50:50 joint venture project with the Centre, currently awaits a detailed project report (DPR) approval from the State government.

“The DPRs are under consideration of the State Government...and a decision is yet to be taken,” Principal Secretary for Urban Development G.R. Aloria said.

“After the approval of the State Government, the DPRs would be sent to the Centre,” he said, adding that a joint venture proposal can only then be formalised.

Source : http://www.thehindubusinessline.com/news/states/ahmedabadgandhinagar-met...

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