More clarity on Mono Rail project within a month.

The much-awaited Chennai Mono Rail project is likely to witness some progress in a month when there will be clarity as to which firms have qualified for the second and final stages of the tendering process.

As of now, documents on qualifications (known as request for qualifications) from three groups of firms are before the authorities. The prospective promoters will have to provide some more documents and will have time till the end of this month, say sources.

Only after clearing the present stage, proposals (request for proposals) from prospective promoters will be sought.

Recently, two experts from Chennai Metro Rail Limited have been included in the committee that scrutinises bid documents. The tendering process is under way for one corridor - Poonamallee to Kathipara which is estimated to cost Rs. 3,235 crore. It is for the project promoter to raise funds for this corridor.

One of the components of the corridor is the link between Porur and Vadapalani. As a result, areas such as Valsaravakkam and Virugumbakkam will also be covered.

Hindu