Mumbai: Mumbai Metropolitan Region Development Authority (MMRDA) has unveiled new eligibility norms for bidders who will bid for the Colaba-Bandra-Seepz metro rail project.
MMRDA has made a modification to the norm for the required annual turnover of potential bidders, and in the manner in which past experience of potential bidders will be considered.
As per the new norms, the interested bidders are required to have an average turnover of $175 million (approx Rs 1,096.9 crore) for five years from billing for civil infrastructure works completed or in progress. Further, if there are three members in a consortium, every company will not be required to show a past experience of four km of tunnelling. It will be fine if one company has six km, another two km and so on. The aggregate experience will be considered.
The 63 km rail project is being developed by MMRDA with an investment Rs 24,500 crore.