It's official; IL & FS has emerged as the lowest bidder to run the Jacob Circle-Wadala Chembur monorail for a period of 10 years
It's official. IL & FS has emerged as the lowest bidder to run the Jacob Circle-Wadala Chembur monorail for a period of 10 years. A senior official from MMRDA said, "The financial bids to run the Jacob Circle to Wadala-Chembur monorail corridor were opened on Wednesday and with a Rs 2,000 crore quote, IL & FS has emerged as the lowest bidder, as Reliance Infrastructure had quoted an amount of Rs 6,408 crore.
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The new operator will take over from Scomi in next three to four months after which IL & FS will look after the operations and maintenance of the corridor for a period of 10 years." Four companies had participated in a pre-bid meeting including Reliance Infrastructure, IL & FS, BVQ and the Singapore-based SMRT.
Monorail inspection
A retired commissioner of railway safety concluded his three-day inspection of the monorail phase II between Wadala and Jacob circle last Wednesday evening. Sources told mid-day that he was satisfied with the monorail trial run, which also means that the monorail will get the final safety certificate soon. The monorail phase 1 and 2 are expected to be operational in April provided the procurement of spare parts is done by the operator.
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