A Consortium Of Malaysian Developers Requested To Extend Date To Submit Bids For 7 Railway Stations

A Consortium Of Malaysian Developers Requested To Extend Date To Submit Bids For 7 Railway Stations

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Date of Post : 21 June, 2017

Mumbai: Taking another step forward to show its keenness to participate in India’s station redevelopment programme, a consortium of Malaysian developers has requested to extend the date to submit bids for 7 railway stations.

These 7 stations are-

  • Indore
  • Udaipur
  • Bandra
  • Pune
  • Faridabad
  • Howrah
  • Secunderabad

More Information –

  • Earlier, one of the Malaysian companies submitted a bid against request for quotation for Surat railway station.
  • The Construction Industry Development Board, a Malaysian agency which promotes, improves & expands the country’s construction industry, is leading the consortium.
  • The developers have asked the date to be extended till August 31, 2017, so that they can prepare bids, according to sources.
  • The Malaysian developers had asked for a basket of around 20 stations — beyond the 23 on offer at present—to be awarded to them.
  • In turn, the Indian Railways had asked it to participate in the current round & submit bids for 4-6 stations to which they had agreed.
  • However, the railways cannot arbitrarily provide contracts for 20 stations & will have to undertake the tender process.
  • To overcome the situation, the railways may ask the Malaysian developers to submit DPRs (detailed project reports) for railway stations of their choice, & the carrier will then go for the Swiss Challenge method under which bidders will be asked to match the bids or quote better bids.

Background

  • In order to improve passenger experience & provide enhanced amenities, the Indian Railways (IR) plan to redevelop 400-plus stations across the country.
  • Under the plan, the railways will lease out its land to private developers who will commercially exploit the land parcels & in turn redevelop stations.
  • While the lease period will be for 45 years, developers will be required to maintain the stations for 15 years.
  • At present, 23 stations have put up for bidding, including the 7 mentioned above.
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