Siemens Enters Competition for Mumbai Elevated Corridor

Q: I read somewhere that Siemens has entered competition for Mumbai Elevated Corridor. Is that true?

Ashish Bhoite, Mumbai

2nd September 2013

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Replies (4)

Which are the areas the Mumbai elevated Corridor will pass through?

Neeraj Rao,

3rd September 2013

Comment

The Mumbai elevated railway corridor was proposed in 2007 by then Railway Minister Laloo Prasad Yadav. It is a 62.3 km railway line from Oval Maidan to Virar passing through Churchgate, Chami Road, Mumbai Central, Mahalaxmi, Lower Parel, Elphinston Road, Dadar, Matunga Road, Mahim junction, Bandra, Santa Cruz, Andheri, Jogeshwari, Goregaon, Malad, Kandivali, Borivali, Dahisar, Bhayandar, Naigaon, Vasai Road and Nalasopara.

Lalit Verma, Mumbai

3rd September 2013

The corridor will run along the same alignment as the Western line. The proposed corridor is intended to augment the Western line's system capacity. Out of the 26 stations proposed on the corridor, 5 stations will be underground, 19 will be elevated and 2 will be graded.

Lalit Verma, Mumbai

3rd September 2013

What are new RFQ clauses?

Ashish Bhoite, Mumbai

2nd September 2013

Comment

The railway board said that the new RFQ conditions are attractive as the changes made are more lucrative for private entities. Some of the changes include

1) Switching from broad guage to standard guage

2) Changes in viability gap funding

3) External financial support to the concessionaire

4) Increase in land parcels

With respect to viability gap funding (VGF), along with central government's 20% VGF, the railways is extending soft loans with interest rates of 2%. The new RFQ includes the option of loans from the Indian Railway Finance Corporation Ltd (IRFC) for procurement of rolling stock.

Arup rajan, Mumbai

2nd September 2013

Company short listing process will take place on September 20th. The request for project (RFP) will be issued after short listing companies.

Ravi Waghmare, Mumbai

2nd September 2013

Comment

The railways recently sweetened the deal over the Mumbai elevated corridor for private players by reissuing the request for quotation (RFQ). With this, Siemens has now entered the fray for winning the Rs. 30,000 crore project. There are already six more private players at present competing for winning the bid.

Arup rajan, Mumbai

2nd September 2013

Comment

The railway board withdrew its current RFQ conditions and replaced them with new ones with more investor-friendly clauses. This has attracted new private players to compete for the bid for constructing the Mumbai elevated corridor. Currently, there are seven private institutions who have shown interest in the project. They include Gammon, L&T, Reliance Infrastructure, GMR, IL&FS and Siemens. The railways is hoping for two more private entities to come forward and apply for the bidding process.

Lalit Verma, Mumbai

2nd September 2013

Earlier this August, the railways had invited fresh bids for the project by making changes in its terms and conditions in order to attract more participation of global players. The last date of submission for this RFQ was September 2nd of this year.

Praveen Modi, Mumbai

3rd September 2013