Navi Mumbai Metro project: Ansaldo lowest bidder, systems work contract to be awarded soon.

Ansaldo, an international transportation company, has emerged as the lowest bidder for carrying out systems work of Navi Mumbai's first Metro railway project. Recently, the City and Industrial Development Corporation (Cidco) opened the financial bid for the electrical and mechanical work of the Metro project.

Larsen & Toubro and Alstom were the other companies that had participated in the bid for the systems work, which includes laying of tracks, signalling and telecommunication.

'Ansaldo, who has emerged as the lowest bidder, has quoted Rs. 1,330 crore for carrying out the systems work. The second lowest bidder - Larsen & Toubro had quoted Rs. 1,818 crore, while Alstom (the third bidder) quoted Rs 1,836 crore for the same work,' said Cidco chief public relations officer Mohan Ninawe. He added that the details of the open bid will be tabled in the upcoming board meeting.

TOI