The Pune Metropolitan Regional Development Authority (PMRDA) has entered into a strategic collaboration with M/s Spine Advisory Pvt. Ltd. for Transaction Advisory Services concerning Pune Metro Line-4 and 5. The contract, valued at Rs. 87 lakhs signifies a crucial step towards ensuring the smooth implementation and success of these metro lines.
Tender Details:
- Tender Reference Number: 09 For FY 2023-2024 (2nd Call)
- Name of Work: Transaction Advisory Services for Pune Metro Line-4 and or Pune Metro Line-5 proposed to be implemented on the Public Private Partnership Mode.
- Completion Period for the Contract is: 24 Months
- The Awarded Value of the Tender is: Rs. 87 Lakhs
Scope of Services:
The Consultant shall be responsible for review of the financial parameters and examination of the viability of the Project. The Consultant will also render advisory services for preparation of Concession Agreement, Bid documents (RFQ and RFP) including the relevant Schedules of the Concession Agreement and in conducting the bidding process for selection of the Concessionaire for the project.
The Consultant shall also maintain, update and disseminate the necessary data and information related to the Project and the bid process. During interaction with the bidders and stakeholders, the Consultant shall assist the Authority in responding to all queries satisfactorily and within the specified time. The Consultant shall render advisory services up to the signing of the Concession Agreement and assist during the conditions precedent period of the Concession Agreement.
Review of the Detailed Project Report:
- The Consultant shall review the Detailed Project Report for the PML4 prepared by DMRC and PML5 DPR prepared by UMTC and comment on the technical aspects of the Project.
- The review will cover assessment of the scope of the Project in accordance with the identified service need; assess the technical feasibility covering output specifications, appropriateness of technology, technical and operation practicality, life cycle costs for major components and other matters related to the technical aspects of the Project and recommend areas of improvement.
Conclusion:
The appointment of Spine Advisory signifies a significant step forward in the development of Pune Metro’s Line-4 and 5. Their expertise will ensure efficient project execution and contribute to the enhancement of public transportation in Pune.
Source: Pune Metro – Tender Update | Image Credit (representational): Pune Metro
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