Maharashtra mulls EPC model for Rs 93.6 bn project
ECONOMY & POLICY

Maharashtra mulls EPC model for Rs 93.6 bn project

Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model.

The state government is considering EPC model after three failed attempts to award it under build operate-transfer (BOT) route.

According to the EPC approach, the responsibility for investigations, design and construction would be assigned to contractor for a lump sum price determined through competitive bidding.

The state government feels that the construction risk can be transferred to private contractor and also implement the project to specified standards with a fair degree of certainty relating to costs and time under EPC model.

The state government first invited bids in 2005 and then in 2008 for the project, without any breakthrough.

Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model. The state government is considering EPC model after three failed attempts to award it under build operate-transfer (BOT) route. According to the EPC approach, the responsibility for investigations, design and construction would be assigned to contractor for a lump sum price determined through competitive bidding. The state government feels that the construction risk can be transferred to private contractor and also implement the project to specified standards with a fair degree of certainty relating to costs and time under EPC model. The state government first invited bids in 2005 and then in 2008 for the project, without any breakthrough.

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