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Mumbai Company signs the Chennai mono rail contract

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Claimed sources to www.propertykhazana.com says, Chennai Metropolitan Transport Corporation has chosen an advisor for the nodal group for the single-track rail road venture. Fortress Financial Service which is a Mumbai-based company is scheduled to assist MTC which has selected an appropriate company to construct take up the venture of Rs. 1,116 Crores as well as to be the financial guide. Company will charge the price and the benefits of the single-track rail road and also gets the technical and design inputs from KLIA which is a Malaysian bound Company and based on this company will arrange the bidding standard for the builders. The major standard for the builders will cause least disturbance during the construction, price efficiency, energy effectiveness and ability to improve if the capability and the paths are extended.
According to the sources reported at the www.propertykhazana.com , MTC has turned up with a “Threshold Technical Capacity” for the bidders. Three years earlier before giving the applications the bidders must be honored by the same venture on a build-own-operate-transfer basis with the least nonstop path extent of 37 kms. This will be the 1/3rd of the total 111kms of the single-track rail road. Within three months MTC will make a decision on the contractor and the venture is the division of Chief Minister J Jayalalithaa’s plan to hike the shares of the public transport from the present 27% to 46% by 2026. Four phases were identified for the single-track rail road which is based on the viability study by Pallavan Transport Consultancy Services. The phases are Vandalur-Puzhal by Avadi for about 54 kms, Vandalur-Velachery by Tambaram East 23 kms, Poonamallee-Vadapalani by Valasarawakkam 16 kms and poonamallee-Kathipara by Porur 18 kms are all for 1st phase. 54 kms of the track between Vandalur and Puzhal will be the longest single-track rail road connectivity in the world.

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