MNCs show interest to prepare Business Plan for Lucknow Metro’s North-South Corridor

Lucknow (LKO): Prominent multinational companies have shown interest in preparing the business plan of city metro’s North South (N-S) corridor from Amausi Airport to Munshipulia. The companies came to Lucknow on Friday to clarify their doubts about request for proposal (RFP) document released by Lucknow Metro Rail Corporation (LMRC) in print media last month.

LMRC organized a pre-bid conference on Friday to attend the queries, suggestions and objections of the interested companies in preparing business plan of the project. The agency has been on a lookout for a suitable consultant, who can prepare a plan for optimum utilization of land available with it, design metro stations according to the cultural heritage of city and draft a plan for maximum usage of land available on both sides of N-S corridor.

Companies like 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 participated in the conference.

LMRC board had decided on February 25 to invite bids from interested companies. It published in the newspaper about selection of a commercial consultant cum property development advisor for N-S corridor and asked interested companies to send bids before April 17.

The consultant is required to prepare a transit oriented development (TOD) strategy, suggest feeder services to metro and conduct techno-economic feasibility studies of development projects proposed along corridors apart from preparing the main business plan. Officials said whatever minor changes have been proposed by the interested companies would be incorporated in RFP document and uploaded on the website soon.

The consultant would be selected after technical and financial evaluation of all the offers based on revised RFP document and received within the deadline. LMRC is looking for new avenues of revenue generation to maintain the project as ticket fares alone may not be enough. Also, LMRC has a huge challenge to keep the fares minimal to make metro ride affordable for all sections of society. Officials said the process of receiving bids and selecting consultant may take about 2-3 months.