Deals4 Nov 2024, 06:01 pm
Afcons Infrastructure Wins Contract for Bhopal Metro Project's Blue Line Package BH-05 at Rs. 1006.74 Crore
AI Summary
Afcons Infrastructure Ltd, a flagship infrastructure engineering and construction company of the Shapooriji Pallonji Group, has been declared as the lowest bidder for the construction of Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) Package BH-05. The package includes the construction of the entire Blue Line’s viaduct, 13 stations, and a ramp leading to Subhash Nagar Depot. Afcons' bid of Rs. 1006.74 crore was the lowest among the bidders. The contract, financed by the European Investment Bank (EIB) through a €400 million loan, comes with a 3-year construction deadline.
Key Highlights
- Afcons Infrastructure declared as the lowest bidder for Bhopal Metro Phase 1 project’s Blue Line Package BH-05
- The package includes the construction of the entire Blue Line’s viaduct, 13 stations, and a ramp leading to Subhash Nagar Depot
- Afcons' bid of Rs. 1006.74 crore was the lowest among the bidders
- The contract is financed by the European Investment Bank (EIB) through a €400 million loan
- The contract comes with a 3-year construction deadline