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16 JVs show interest in Eastern Corridor in India
Publication Date : 04-12-2013
Sixteen joint ventures of international companies with Indian partners have shown interest in participating in expression of interest process for project management consultancy services contract for the second phase of the Dedicated Eastern Corridor Project. The phase covers 402 kilometre between Bhaupur and Mughalsarai.
Some of the JV companies that participated are PS Digitech-HR (India) Pvt Ltd, Systra SA, Bernard Ingenieure (Austria) - Obermeyer, Plannen+Beraten (Germany), Actes, Bernard (Austria), in association with Bernard Engineers India.
The project management consultant will assist the Dedicated Freight Corridor Corporation of India to review the preliminary, definitive design, contract management, construction supervision, review of contractors’ documents along with contractor safety plan and environmental management plan.
The World Bank has already agreed in principle to part finance the Eastern Corridor project from Mughalsarai to Ludhiana, which has been divided into 3 phases.
The total in principle loan commitment is US$2.725 billion, out of which the loan for the first phase to the tune of US$975 million was sanctioned in May 2011 and the loan agreement was signed in October 2011. The loan for the second phase is expected to be of the order of US$1100 million.
Dedicated Freight Corridor Corporation of India (DFCCI), a Special Purpose Vehicle (SPV), is engaged in planning, construction, operation and maintenance of the dedicated freight corridors and in the first phase, the two corridors, Eastern Corridor from Ludhiana to Dankuni (1,839 km) and the Western Corridor from Dadri to Jawaharlal Nehru Port (1,499 km) are being constructed. The entire Western Corridor is being funded by Japan International Cooperation Agency (JICA), while the Eastern Corridor from Mughalsarai to Ludhiana is being funded by the World Bank.