Tuesday, September 17, 2013

Tenders to appoint consultant for 3rd Metro line soon

MUMBAI: The Mumbai Metropolitan Region Development Authority ( MMRDA) is likely to float tenders to appoint project management consultants for the third Metro line between Colaba, Bandra and Seepz in the next few days.

"We have almost completed the work on preparing the tender documents, including scope of work for the prospective consultant," said a senior official said. The 32.5-km long underground Metro route has 27 stations. The project will be funded by Japan International Cooperation Agency (JICA).

The official said that a formal agreement for the financial assistance is expected to be signed between department of economic affairs and JICA soon.

The estimated cost of the project is Rs 24,500 crore, of which JICA will extend 56 per cent loan. The work on the project is expected to begin by 2014.