Delhi Metro Update: 11 Bidders Keen To Enter Into Tripartite Agreement With DMRC To Manufacture, Finance & Lease Coaches For 30 Year Period

Delhi Metro Update: 11 Bidders Keen To Enter Into Tripartite Agreement With DMRC To Manufacture, Finance & Lease Coaches For 30 Year Period

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Date of Post : 30 Dec, 2017

New Delhi: 11 bidders evince interest in train lease tender floated by Delhi Metro Rail Corporation (DMRC) to roll out 25 trains (each with 6 coaches) on a lease basis. They are keen to enter into a tripartite agreement with DMRC to manufacture, finance & lease coaches for a period of 30 year.

The 11 EoIs (Expressions of Interests) Submitted from 6 potential Financiers & 5 potential rolling stock manufacturers are-

Image Credit: Delhi Metro Rail

Financiers-

  • Mitsubishi Financial Group
  • Mitsui & Co
  • Equus Asia
  • National Infrastructure Investment Fund (NIIF)
  • IL&FS Financial Services
  • I Squared Capital

Rolling stock manufacturers-

  • BEML
  • Canada’s Bombardier
  • French multinational Alstom
  • Spain’s Construcciones y Auxiliar de Ferrocarriles
  • China’s CRRC Zhuzhou

Image Credit: gmp india

More Information:

  • “The bidders will have to submit the hourly availability rate of trains. Based on this and the other criteria mentioned in the tender, the net present value (NPV) will be calculated. Whoever is able to give the best NPV will be the preferred provider and will be selected,” HS Anand, director – rolling stock, DMRC, said.
  • The evaluation of the EoIs would be over by March, following which selected ones will be asked to submit their requests for proposal (RFPs), Anand said.
  • “This will take about two months. We hope to finalise the winning bidder by July or August 2018.”
  • If the first pilot run is successful, the DMRC can request for another 100 coaches under the terms of the contract, taking the total number of leased coaches to 250.
  • If successful, the model could have a significant impact on metro rail projects under implementation across the country.

    Image Credit: Delhi Metro Rail

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