A consortium of Adani Group, Welspun Enterprises and China Third Engineering have put in a bid of ₹8,000 crore for the upcoming High Capacity Mass Transit Route (HCMTR) in Pune.
The bid is about 40 per cent higher when compared to the reserve price of ₹5,200 crore set by the Pune Municipal Corporation.
“Another consortium comprising India’s Gawar Construction and a Chinese firm has put in a slightly higher bid,” said Anirudh Pawaskar, the head of the roads department at Pune Municipal Corporation (PMC). PMC is the procuring entity for the project.
The HCMTR encircles a large part of the cities of Pune and Pimpri-Chinchwad area, to ease traffic congestion in the ninth populous city. This project is an elevated six-lane road, spanning 35.96 km and will have two dedicated lanes for the Bus Rapid Transit System with 26 stations.
