The Hyderabad Airport Metro said that it had received two major bids from L&T and NCC for the Rs 5,688-crore tender to select an EPC contractor for the Airport Metro project.

The Bidding was opened at the Metro Rail Bhavan. Preliminary works for the Rs 6,250 crore Airport Metro project have been completed. The proposed 31 km corridor between Raidurg metro station and Airport terminal station will have an elevated portion of 29.3 km and an underground portion of 1.7 km.

The nine-station metro will 31-km long Metro will connect the Information Technology hub of Hitec City to Rajiv Gandhi International Airport at Shamshabad.

According to HAML managing director NVS Reddy, both companies have furnished a security deposit of Rs 29 crore each, in the form of bank guarantees. They also submitted documents highlighting their respective project execution experience, technical and financial strengths, audited financial statements, and so on. L&T already runs the Hyderabad metro through a Public-Private Partnership (PPP) model.

Last month, the Hyderabad Metropolitan Development Authority (HMDA) and GMR Hyderabad International Airport announced that they will contribute 10% each for the project.