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August 21, 2014

Monorail giant eyes Newtown project

Monorail giant eyes Newtown project

One of the big gains of Wednesday was thatScomi Engineering – the monorail operator in Sao Paulo, Kuala Lumpur and Mumbai-announced its intention to have a footprint in the City of Joy, particularlywhen the government wants such a project in Rajarhat New Town.

The global monorail operator has alreadysubmitted an expression of interest to Commerce and Industries Minister Dr AmitMitra, said company CEO K Veluppillai, adding that they are keen to develop theNew Town project if the Bengal government gives it to them. The company isn'taverse to participating in a global tender for monorail. “Whatever way thegovernment wants, we will participate,” he said.

The Scomi CEO who participated in theinvestors' summit in Singapore pegged the Kolkata monorail project cost at Rs2,000 to Rs 2,500 crore. Scomi has a joint venture with L&T for the Mumbaimonorail. The CEO indicated that it might have a local partner for the Kolkataone as well.