Global rolling stock manufacturers including Hitachi, Hyundai and Siemens on Friday expressed interest in Indian Railways' (IR) tender for procuring and maintaining 15 electric multiple unit (EMU) train sets for R2,500 crore.
Global rolling stock manufacturers including Hitachi, Hyundai and Siemens on Friday expressed interest in Indian Railways’ (IR) tender for procuring and maintaining 15 electric multiple unit (EMU) train sets for R2,500 crore.
A total of seven companies and consortiums have submitted bids.
The tender saw participation from companies and consortia such as Hitachi & Ansaldo, Hyundai Rotem & Melco, Siemens, Alstom & BEML, Kawasaki Heavy Industries with Toshiba & Bhel, Italy-based CAF and Bombardier, and China based CSR Zhuzhou Electric Locomotive Co.
The request for quotation (RFQ) will be reviewed by the tender-evaluation committee, which will consist of officers from the electric, store and finance departments. The committee will submit their evaluation report in two weeks and the selected candidates will have to submit the request for proposal by 15, November,2015. The selected bidder is required to manufacture and supply 15 EMU train sets comprising 315 rail cars. According to the tender document, the selected bidder will be allowed to procure two prototype train sets and the subsequent train sets will have to be manufactured in India.
The two types of EMU train sets that are to be procured should comprise 20 rail cars with sleeper arrangement and 16 rail cars with sitting arrangement respectively. The ministry has proposed to entrust the maintenance obligation to the selected company for a period of seven years out of its life of 35 years, after which it’s maintenance will be undertaken by the Indian Railways.
The applicant is required to have a minimum net worth of R625 crore at the closing of the preceding financial year. In the case of a consortium, each member should have an equity share of 26% and during the supply period, hold equity share capital not less than 26% of the subscribed and paid-up equity of the special purpose vehicle and 5% of the total project cost specified in the agreement.