Vijayawada: The Amaravati Metro Rail Corporation (AMRC) on Tuesday identified five infrastructure development firms as eligible to execute the Visakhapatnam Metro Rail Project under Public Private Partnership (PPP). The firms are Adani Enterprises Limited, TRIL Urban Transport Private Limited, Shapoorji Pallonji and Company Private Limited, Essel Infraprojects Ltd and IL&FS Rail Ltd. The final call is likely to be taken in five months.
As per the terms agreed to, the government will fund the civil infrastructure development and the private firm will earn its revenue through the management of the venture for a period of 35 years.
Though some of the firms do not have any experience in executing metro rail projects, AMRC officials said they had developed urban transit rails in India and abroad.