The Karnataka Government has shortlisted five private consortia, which include the Reliance Infrastructure- CSR Nanjing Rolling Stock Company Ltd for developing the 34 km high speed direct rail link between the city and the Bengaluru International Airport (BIA) at Devanahalli. The rail link aims to cover the 34-km distance in 25 minutes.
The bids for the Rs 6,900-crore project will be opened on August 12 and the letter of award would be issued on September 17. The concession agreement would be signed within 30 days of awarding the final bid. The project is expected to be completed in 33 months after the work starts in February. The other consortia who are shortlisted for the project are Pioneer Infratech Pvt Ltd-Siemens Project Ventures, Lanco Infratech Pvt Ltd- OHL Concessions S.L., L&T Transco Ltd and ITD-ITD Cem-Soma Enterprises Joint Ventures.
The Chief Minister, Mr B.S. Yeddyurappa, said of the total project cost, the State Government would contribute Rs 532 crore while the Centre is expected to provide Rs 1,040 crore. The Government would take steps for the acquisition of land required for the project.