Vedanta seeks vendors for Rs 15,000-cr varsity project

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New Delhi, Sep 21 : NRI billionaire Anil Agarwal-led Vedanta Group has started the process of inviting bids for construction of buildings and other infrastructure facilities for its ambitious Rs 15,000-crore Vedanta University project.

However, the academic session is expected to start only by 2010/2011 due to land acquisition delays.

The a multi-disciplinary university project of Anil Agarwal Foundation, which would be spread over 8,000 acres in Puri district of Orissa, was originally scheduled to start this year but has been postponed as issues related to land acquisition has delayed the construction work, Anil Agarwal Foundation's Commercial Head C Joseph said from Puri.

As part of its vendor selection process, the foundation has invited expression of interest (EoI) in a public advertisement across national dailies, from contractors, suppliers and service providers in areas like construction of institutional buildings and townships, power station and other facilities. Joseph said that the current invitation for EoIs is a follow-up of a previous one, as the task requires numerous contractors due to its large size.

The construction work is expected to start soon and the foundation has already mobilised the piling contractor and is in process of finalising other contractors, he added.

The Orissa government and Anil Agarwal Foundation had signed an memorandum of understanding in 2006 to set up a private university with a donation of $1 billion (Rs 4,500 crore) as endowment amount from Anil Agarwal.