Thursday, April 30, 2009

Zoom bid to be re-examined

THIRUVANANTHAPURAM: The Cabinet on Wednesday decided to re-examine the bid of Mumbai-based Zoom Developers for the execution of the Vizhinjam International Transhipment Project. The bid was rejected by the government earlier on technical grounds.
The decision comes after Zoom Developers, which contested the award of the contract to Hyderabad-based Lanco Infratech, obtained a verdict in its favour from the High Court and the Supreme Court refused to reverse the order on appeal by the government.
Briefing jthe media on the decisions of the weekly Cabinet meet, the Chief Minister said the government would ask the bid evaluation committee to scrutinise the tender documents submitted by Zoom Developers on the basis of the Supreme Court order on April 13 and a subsequent application from Zoom Developers to the government on April 17.
The tender evaluation committee is headed by the Chief Secretary.
Mr. Achuthanandan said the government would give a reply to the application from Lanco Infratech (stating that the company was ready to execute the project and provide the specified bank guarantee of Rs.50 crore besides a development fee) that the matter was under consideration. This was pending evaluation of the bid documents of Zoom Developers.
(The Rs.5,348-crore project was approved by the Central government last year and the State government had awarded the contract to Lanco Infratech. However, the contract ran into trouble after Zoom Developers approached the High Court. The Opposition alleged that Zoom Developers had been deliberately kept out despite its offering to pay the government Rs.447 crore after 10 years of operations, while Lanco Infratech offered only Rs.115 crore.)
വിസ്റ്റ്‌ http://www.hindu.com/2009/04/30/stories/2009043055530700.htm

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