Thursday, November 20, 2008

Sadbhav JV wins BRTS in Vizag

Ahmedabad-based Sadbhav Engineering Ltd has won a Rs 165.54-crore contract for a bus rapid transit scheme in Visakhapatnam, Andhra Pradesh. The contract will be implemented in equal partnership with Hyderabad-based GKC Projects Ltd (formerly Gokulkrishna Constructions Pvt. Ltd).

The turnkey contract will have a gestation period of two years from the notice to proceed date. The scope of works involves the investigation, survey, design and execution of the 19.18-km Pendhurthi corridor running from Pendurthi to Dwarka Nagar via Nad Koth road junction. "This is our first BRTS order and it has taken the company's overall order book position to over Rs 4,000 crore," the official noted.

The project comes under the Centre's JNNURM scheme. In July last year, the Centre approved GVMC's proposal of setting up a bus rapid transit system having eight corridors.

In phase-I, two corridors costing Rs 453 crore will be set up including the Rs 191-crore Pendurthi corridor and the Rs 262-crore Simhachalam corridor. GVMC is expected to mobilise Rs 150 crore to part-finance phase-I. Central assistance (under JNNURM) and debt would finance the remainder. A new entity, Greater Visakha Transport Authority, has been formed to oversee the project.

The Simhachalam corridor for which tendering is under way will have a stretch passing under the Simchalam Hills. The tunnelling work alone is expected to cost Rs 94 crore, it is learnt.

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