India-based infrastructure firm Larsen and Toubro (L&T) has become the lowest bidder for building the largest part of the bullet train project between the cities of Mumbai and Ahmedabad in India.
For the 237.1km stretch of the high-speed rail line project, the company bid Rs249.85bn ($4.63bn).
It defeated two bids submitted by Afcons Infrastructure and Tata Projects.
A National High-Speed Rail Corp (NHSRCL) release said: “Financial bids for the design and construction of 237km of viaduct for 508km of Mumbai-Ahmedabad High-Speed Rail corridor were opened today and Larsen & Toubro is the lowest bidder.”
The firm became the lowest bidder after the NHSRCL announced bids for package C4 on 19 October.
This is considered to be the largest segment of the line, signifying 47% of the 508.17km main line.
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The firm’s segment commences at the Maharashtra-Gujarat border and reaches up to Vadodara station.
This segment crosses through four stations at Vapi, Bilimora, Surat and Bharuch in Gujarat.
The bullet train corridor between Mumbai and Ahmedabad is being constructed at a cost of Rs1.08tn ($14bn).
The project’s funding is also being provided by the Japan International Cooperation Agency.
Earlier, NHSRCL stated that the execution of the project has slowed down due to the Covid-19 pandemic outbreak.
NHSRCL called for bids on 15 March 2019.
Three bidders were qualified after the technical bids opened on 23 September.
The other bidders were a consortium comprising Tata Projects, J Kumar Infraprojects and NCC, and another consisting of Afcons Infrastructure, Ircon International and JMC Projects India.
The scope of the contract features design and construction of civil works, in addition to development works such as testing and commissioning on the design-build for the double line, involving bridges, maintenance depots, viaducts, stations, and tunnels.