business-india-news

Six foreign firms in Eastern Freight Corridor bidding

New Delhi, Dec 6 : Six international companies in joint venture with leading Indian firms have participated in pre-qualification bid process for system works (electrical and signal and telecommunication works) of Bhaupur-Khurja segment of Eastern Dedicated Freight Corridor project (343 km) of the railways, an official statement said here Friday.


The joint venture firms which qualified are INABENSA-ANSALDO-EME-BCEPL, KEC-ELECNOR-KYOSAN, Siemens Consortium and Alstom Consortium.

The World Bank has agreed in-principle to part-finance the Eastern Corridor project from Mughalsarai to Ludhiana, which has been divided into three phases.

The total in-principle loan commitment is $2.725 billion, out of which the loan for the first phase to the tune of $975 million was sanctioned in May 2011 and the loan agreement was signed in October 2011. The loan for the second phase is expected to be of the order of $1,100 million.

DFCCIL, a special purpose vehicle is engaged in planning, construction, operation and maintenance of the dedicated freight corridors and in the first phase, the two corridors -- Eastern Corridor from Ludhiana to Dankuni (1,839 km) and the Western Corridor from Dadri to Jawaharlal Nehru Port (JNPT) (1,499 km) -- are being constructed.

The entire Western Corridor is being funded by Japan International Cooperation Agency (JICA), while the Eastern Corridor from Mughalsarai to Ludhiana is being funded by the World Bank.

--IANS (Posted on 06-12-2013)

business-india-news headlines

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

eBay, CAIT partner to benefit Indian traders

Wipro ups IT revenue forecast for first quarter

Germany's SCHOTT cleared of anti-competition charges

Wipro net up 41 percent in Q4

Sensex up 352 points; IT, bank stocks gain

100 companies to take part in India Show in Hong Kong

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top