Tata Projects emerges as lowest bidder for Chennai metro's underground package
Tata Projects Ltd. (TPL) has secured the position of the lowest bidder for the civil construction of underground Package UG-06/RT-01 in Chennai Metro's Line-5. The package entails the construction of twin tunnels and 5 underground stations spanning approximately 5.8 km between Kolathur and Nathamuni.
The contract for this package was retendered by Chennai Metro Rail Limited (CMRL) after the initial round saw only one bidder, Larsen & Toubro (L&T), with a bid significantly higher than CMRL's estimate. Following the cancellation of the tender, bids were re-invited in December 2021 with an estimated value of Rs 1580 crore and a completion deadline of approximately 3.8 years.
In the new round, Tata Projects emerged as the lowest bidder with a bid of Rs 1445.98 crore, below CMRL's estimate. The contract includes the construction of underground stations at Kolathur, Villivakam Sub-urban Station, Srinivasa Nagar, Villivakam bus-terminus, and Nathamuni, along with other related works.
With Tata's bid coming in below CMRL's estimate, the contract is expected to be awarded in the coming weeks without a lengthy financial bid evaluation period. This will mark Tata's third civil contract in Phase 2 of Chennai Metro, showcasing their strong involvement in the city's metro expansion. To execute the project efficiently, Tata will deploy at least 4 tunnel boring machines (TBMs).
The contract for this package was retendered by Chennai Metro Rail Limited (CMRL) after the initial round saw only one bidder, Larsen & Toubro (L&T), with a bid significantly higher than CMRL's estimate. Following the cancellation of the tender, bids were re-invited in December 2021 with an estimated value of Rs 1580 crore and a completion deadline of approximately 3.8 years.
In the new round, Tata Projects emerged as the lowest bidder with a bid of Rs 1445.98 crore, below CMRL's estimate. The contract includes the construction of underground stations at Kolathur, Villivakam Sub-urban Station, Srinivasa Nagar, Villivakam bus-terminus, and Nathamuni, along with other related works.
With Tata's bid coming in below CMRL's estimate, the contract is expected to be awarded in the coming weeks without a lengthy financial bid evaluation period. This will mark Tata's third civil contract in Phase 2 of Chennai Metro, showcasing their strong involvement in the city's metro expansion. To execute the project efficiently, Tata will deploy at least 4 tunnel boring machines (TBMs).