Ahluwalia Contracts was today declared as the lowest bidder among 4 firms to redevelop Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) in Maharashtra.
This project by India’s Rail Land Development Authority (RLDA) involves transforming the facility’s piece-meal annexe developments made at different times in the last 70 years. No major changes will be made to the station’s gothic-style heritage building.
RLDA had invited tenders for the project in October 2022 with a 3 year completion deadline. Technical bids were opened on March 15 to reveal 4 bidders.
Financial Bid Values
|Firm||Bid (Rs. Crore)|
|Larsen & Toubro (L&T)||4141|
Brief Scope: Re-development of Chhatrapati Shivaji Maharaj Terminus (CSMT) Station and Construction of Associated Infrastructure on Engineering Procurement & Construction (EPC) Mode
Walkthrough video by Central Railways:
The project’s budgeted estimate remains unconfirmed to me, but is reportedly Rs. 1800 crore which would make Ahluwalia’s bid 36.11% higher. In that case, this will head towards the negotiation table for contract finalization which can take a couple months of back and forth. If that fails, then RLDA will have to revise their estimate and re-invite bids.