Thursday, June 30th, 2022

L&T Emerges L1 Bidder

Larsen & Toubro (L&T) has emerged as the lowest (L1) bidder to construct the 7.945 km elevated Package C4-ECV-02 from Porur Junction to Poonamallee Bypass of Chennai Metro’s new 26.09 km Line-4.

Chennai Metro Rail (CMRL) had invited tenders for Package C4 ECV-02’s construction in August 2020 with a completion deadline of 36 months. Technical bids were opened in November 2019 to reveal three bidders.

This section of the Line-4 will be partly financed by the Asian Infrastructure Investment Bank (AIIB) through a USD 356.65 million (approximately Rs 2,700 crore) loan.

The loan’s concept review was approved on 13 December 2019, and a formal appraisal decision is currently pending.

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