After bagging the first contract for Eastern Freight Corridor with Aldesa of Spain, Tata Projects has joined hands with Marubeni, a major Japanese construction firm, to bid for the western freight corridor.
The Marubeni-led consortium also has IVRCL, KEC, Simplex and Gammon.
A senior Tata Projects official said the financial bids for Phase I of the western corridor project will be opened in two months.
Phase I is divided into three parts – Rewari-Phulera (283 km), Phulera-Palanpur (342 km) and Palanpur-Vadodara (305 km). Four consortium led by four top Japanese companies Sojitz (with L&T), Mitsui (with Ircon and Leighton), Marubeni (with Tata Projects and others) and Mitsui were qualified to bid for Phase I.
The project cost for eastern and western freight corridors is pegged at `88,000 crore. When the two corridors were conceptualised in 2005, the cost was estimated at `28,000 crore.
Earlier the Tata Projects-Aldesa JV had won the contract for Kanpur-Khurja Phase I on the eastern corridor. The JV had put in a bid of Rs3,300 crore for laying tracks of 351 km. The project is scheduled to be completed in four years.
The World Bank has sanctioned $975 million for the execution of the Kanpur-Khurja stretch, out of which $600 million (Rs3,300 crore) will be spent by Tata-Aldesa JV for laying the railway track and the rest $375 million by Dedicated Freight Corridor Corporation for land acquisition and other works.
“There were 10 bidders and it was an international competition in which Tata-Aldesa emerged as the lowest bidder,” said Vinayak Deshpande, managing director, Tata Projects.
About 82% of the land for the project has been acquired by Indian Railways, he said.
The dedicated freight corridor involves the construction of the eastern corridor from Ludhiana in Punjab to Dankuni in West Bengal, covering 1,839 km, and the western corridor from Dadri in Uttar Pradesh to Jawaharlal Nehru Port Trust, Mumbai, covering 1,499 km.