Thursday, November 26, 2020
Home Business COVID snag in bullet prepare venture, might fail to satisfy 2023 deadline

COVID snag in bullet prepare venture, might fail to satisfy 2023 deadline

Officials cite land acquisition, price escalation and delay in opening of tenders as causes.

The Mumbai-Ahmedabad bullet prepare venture, which is scheduled to be accomplished by December 2023, might fail to satisfy its deadline because of the coronavirus pandemic that has led to delays in opening tenders and land acquisition, officers stated.

The National High Speed Rail Corporation (NHSRCL) has already acquired 63% of the land for the venture — about 77% land in Gujarat, 80% in Dadar & Nagar Haveli and 22% in Maharashtra. Officials stated there are nonetheless points in buying land in areas like Palghar in Maharashtra and Navsari in Gujarat.

Last 12 months, the corporate had floated 9 civil work tenders which couldn’t be opened due to the coronavirus pandemic, officers stated.

“Because of COVID we had to postpone the opening of a few of the tenders. It is difficult to assess the impact of the pandemic on the project as it is still continuing. We cannot say how the pandemic will affect the project as I don’t know how long it will last,” NHSRCL MD Achal Khare stated.

Officially, the NHSRCL spokesperson maintained that the deadline for the venture remained 2023.

 

One of the civil work contracts for building of stations, bridges, viaducts, upkeep depots, and tunnels throughout the community is to the tune of ₹20,000 crore.

Tenders for civil works for 345 kms out of 508 kms alignment, or 68 per cent of civil works, have already been floated. This consists of six MAHSR stations (together with one underground station in Mumbai). The works associated to utility diversion are progressing nicely and the development of Sabarmati passenger hub (a multi modal hub) in Sabarmati, Gujarat has additionally began.

The hostel constructing of High Speed Training Institute (which is presently getting used for COVID-19 sufferers) and coaching tracks in Vadodara are additionally accomplished.

The 508.17-kilometre lengthy community will move via three districts in Maharashtra (Mumbai, Thane, and Palghar) and eight districts in Gujarat (Valsad, Navsari, Surat, Bharuch, Vadodara, Anand, Kheda, and Ahmedabad).

Apart from land acquisition, one other main trigger for delay may very well be price escalation owing to a fall within the rupee towards the Japanese yen.

While the extent of the price escalation has but not been confirmed by the railways, sources stated it’s estimated that it’s going to rise from the current ₹1.08 lakh crore to ₹1.70 lakh crore.

 

The complete price of the venture is pegged at ₹1.08 lakh crore and as per the shareholding sample, the Government of India is to pay ₹10,000 crore to the NHSRCL, whereas the 2 States concerned — Gujarat and Maharashtra — are to pay ₹5,000 crore every. The relaxation is to be paid by Japan via a mortgage at 0.1% curiosity.

One part of the Ahmedabad-Mumbai high-speed rail hall is prone to be tendered out inside three months after almost 90% of the land acquisition for the venture is accomplished, an official stated.

Officials stated that to finish the venture, the NHSRCL has divided the work in 26 packages, every has to offer a minimal of 30 months time for the contractors to complete their work.

“So, even if the land acquisition is completed and tenders are opened, NHSRCL will be unable to finish the work within the deadline. Also, the Japanese who have been allotted land here have not been able to begin any of their works, which is sure to delay the project further,” stated the official.

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