Jisha Surya
January 20, 2014
Thiruvananthapuram: Nearly two years after formation of Road Infrastructure Company Kerala Limited (Rick), a special purpose vehicle to implement the state roads improvement project (SRIP), which envisages improvement of 1,204 km roads in the state is showing signs of revival. Following a poor response to its tender inviting concessionaire for rehabilitation package of SRIP, the Rick revised some of its clauses. Now, as many as seven companies have expressed interest in the rehabilitation project, which involves improvement of 551 km roads.
The rehabilitation package involves development of the existing roads without any land acquisition. Twenty-eight roads in north, central and southern regions are included in the rehabilitation package.
When rick floated first tender, only public sector firm Kerala State Construction Corporation expressed interest in the project. Following the poor response, PWD took responses from private firms and decided to call a new tender.
Meeting of board of directors held in January 6 decided to lower the net worth criteria from 25% to 20% of the total project cost. It also divided the project to various packages. In the second tender, the project was split into six packages.
“After revising the clauses, we got good response for the tender. As many as seven companies expressed interest in the project. The companies will be subjected to scrutiny. We have to work out the schedule of rates. Then the company which quote the highest rate will be selected,” said Rick M D T Baburaj.
Rick also has an upgradation package which involves upgradation of 653 km roads. The upgradation package will require land acquisition and is expected to cost Rs 3,792 crore, including Rs 1,000 crore for land acquisition. While state will bear with land acquisition expenses, Rick has to find Rs 2,792 crore from external funding agencies. The rehabilitation package will cost Rs 890 crore.
January 20, 2014
Thiruvananthapuram: Nearly two years after formation of Road Infrastructure Company Kerala Limited (Rick), a special purpose vehicle to implement the state roads improvement project (SRIP), which envisages improvement of 1,204 km roads in the state is showing signs of revival. Following a poor response to its tender inviting concessionaire for rehabilitation package of SRIP, the Rick revised some of its clauses. Now, as many as seven companies have expressed interest in the rehabilitation project, which involves improvement of 551 km roads.
The rehabilitation package involves development of the existing roads without any land acquisition. Twenty-eight roads in north, central and southern regions are included in the rehabilitation package.
When rick floated first tender, only public sector firm Kerala State Construction Corporation expressed interest in the project. Following the poor response, PWD took responses from private firms and decided to call a new tender.
Meeting of board of directors held in January 6 decided to lower the net worth criteria from 25% to 20% of the total project cost. It also divided the project to various packages. In the second tender, the project was split into six packages.
“After revising the clauses, we got good response for the tender. As many as seven companies expressed interest in the project. The companies will be subjected to scrutiny. We have to work out the schedule of rates. Then the company which quote the highest rate will be selected,” said Rick M D T Baburaj.
Rick also has an upgradation package which involves upgradation of 653 km roads. The upgradation package will require land acquisition and is expected to cost Rs 3,792 crore, including Rs 1,000 crore for land acquisition. While state will bear with land acquisition expenses, Rick has to find Rs 2,792 crore from external funding agencies. The rehabilitation package will cost Rs 890 crore.
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