New Delhi: Two consortiums comprising of Indian and Japanese firms have been selected in the pre qualification stage to bid for civil work contracts of the western stretch covering 640 kilometres of the Dedicated Freight Corridor.
The two consortiums which have been selected are Sojitz Corporation- L&T and Mitsui-IRCON- Leighton. These companies are vying to develop the stretch between Reqari in Haryana to Iqbalgarh in Gujarat. Land has already been acquired for the entire stretch.
The Dedicated Freight Corridor Corporation of India Ltd, a company promoted by the Indian Railways, had invited the bids last year but faced some problems due to mandatory requirement of lead partner to be a Japanese company. Although, a number of Indian companies had expressed interest but they were unable to tie-up with a suitable Japanese partner.
The western corridor covering a length of about 1500 kms from Dadri to Jawaharlal Nehru Port (Mumbai) is being funded by Japanese lender JICA. The Rs 77,000 crore dedicated freight corridor project aims to reduce the travel time by a third from the northern part of the country to Eastern and Western regions.
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