23 Apr 2013 12:16 PM from CapEx
Nidhi Bhati

Bids floated for 21.5 km Ganga Path project in Patna, Bihar

Rs.32 bln project to be taken up on EPC basis

Bihar State Road Development Corporation Ltd (BSRDCL) has announced to take up the construction of 21.5 km stretch from Digha to Deedarganjat in Patna on engineering, procurement and construction (EPC) mode. The company has floated Request for Qualification cum Request for Proposal (RFQ cum RFP) to select a bidder for the Rs.32 billion project, christened ‘Ganga Path’. Financial bids will be opened in June 2013. BSRDCL plans to spend Rs.28 billion on the construction of the road and elevation work and Rs.4 billion on land acquisition and utility shifting.

The ‘Ganga Path’ project forms a vital part of the ‘Vision 2021’ plan announced by Nitish Kumar, Chief Minister of Bihar in November 2005. It is to be modelled on the lines of Mumbai’s Marine Drive. The project received the State Government approval in August 2012. It was earlier proposed to be constructed in the Public-Private-Partnership (PPP) mode. But despite repeated attempts, the project failed to attract investors. Hence, the state government now plans to execute the project on its own.

In March 2013, the state cabinet cleared the proposal to seek a Rs.20 billion loan from Housing and Urban Development Corporation (HUDCO) for financing the project. The remaining Rs.12 billion will be managed by the state through its internal resources. ‘Ganga Path’ project is expected to be commissioned in four years time from the date of awarding of the contract.