Larsen & Toubro (L&T), the engineering and construction conglomerate, has bagged the Rs 12,132-crore Hyderabad Metro Rail Project. The project would achieve financial closure in six months and take about four years for completion. It would be executed on a design, build, finance, operate and transfer (DBFOT) basis .
Other Pre-Qualified bidders were Lanco-OHL (Spain), Reliance (Anil Dhirubhai Ambani group), Essar-Leighton (Australia)-Gayatri-VNR consortium, GVK-Samsung consortium, GMR, Transstroy-OJSC (Russia)-CR 18 9 (China)-BEML consortium and Soma-Strabag (Austria) consortium.
The three-corridor, 71.16-kilometre project would employ 5,000 engineers and 45,000 skilled and unskilled workers. Earlier, the government said the concession agreement could be extended by another 25 years after the first lease period of 25 years, excluding construction period.
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