Lucknow Metro Rail Corp gets deadline to issue tender for Business Consultant

लखनऊ Lucknow (LKO): After Metro man E Sreedharan’s visit to Lucknow, the Metro rail project seems to have picked up steam. LMRC’s Principal Advisor has set deadlines for completing different stages of the project.

Sreedharan has asked Lucknow Metro Rail Corporation to publish tenders for hiring business consultants for the project before May 20. The consultant would be responsible for preparing a business plan that makes maximum use of land available, designing metro stations according to the heritage monuments of the city and ensuring optimum utilization of land on both sides of the north-south corridor.

The business consultant is also required to prepare a transit-oriented development strategy, suggest feeder services and conduct techno-economic feasibility studies of development projects proposed along corridors.

Last month, LMRC had organized a pre-bid conference last month to attend the queries, suggestions and objections of the interested companies in preparing business plan of the project. It received encouraging response from major international companies like Larsen & Toubro (L&T), Ernst and Young LLP, Gurgaon, KPMG, Lucknow, Knight Frank (India) Private Ltd, Gurgaon, Jones Lang LaSalle Property Consultants (India) Private Ltd, Gurgaon, Darashaw and Company, Mumbai, Urban Mass Transit Company, New Delhi, CBRE South Asia Private Ltd, Gurgaon etc.

Though LMRC’s board had approved the pre-bid document prepared by a committee headed by the chief town and country planner of the state, Sreedharan has asked for a revised document after incorporating changes suggested by companies that participated in the pre-bid conference.

LMRC Managing Director Rajeev Agarwal said, “We would soon release an advertisement in print. LMRC’s board has to approve the final document. June 10 is the last date to receive bids from interested companies”.

Agarwal added that LMRC was working on changes suggested by Sreedharan, who is also the principal advisor of corporation. Sreedharan has asked to build the first stretch of corridor from Transport Nagar to Charbagh which would give a good number of ridership.

The consultant would be selected after technical and financial evaluation of all the bids received. LMRC is also looking for new avenues of revenue generation around the project as ticket fares alone may not make the project commercially viable.