Metro rail works to begin by May

Municipal Administration Minister Anam Ramnarayan Reddy on Saturday said the State Government would begin metro rail project work by May.

Replying to a question raised by MLA Sudhir Reddy in the House, the Minister said the Government had decided to give the metro rail project work to selected consortia by May.

He said the Government had received pre-qualification bids from eight consortia to implement the project through DBFOT mode (design, build, finance, operate and transfer).

Relevant documents have been issued to the selected consortia to enable them to submit financial quotations within the purview of the project cost by April 9.

He said the name of new concessionaire would be finalised by April-end and works grounded by May to complete the project by 2014.

The government had to call for fresh bids after scrapping the agreements signed with the previous consortia led by Maytas Infra-led consortium following its failure to achieve financial closure within the time-limit set.