The ambitious Ganga Driveway project found no bidders after the project’s financial bid was opened on Friday after four postponements, casting a shadow on the future of yet another public-private partnership (PPP) project.
The road construction department would now explore the alternative modes of executing this project.
Road construction minister Nand Kishore Yadav said: “Twelve firms had responded to the expression of interest floated for the Ganga Driveway project.”
He added: “Nine of those firms were shortlisted for the request for proposal (RFP)/ financial bidding stage. But we found on Friday that none of the short-listed firms submitted their bids.”
Sources said the shortlisted firms included Reliance Infrastructure, Simplex Projects Limited, Transstroy India Limited, Welspun, Indus- C&C Consortium and Nagarjuna Constructions among others.
Yadav claimed that the shortlisted firms had sought more time. “
Initially scheduled for August 3, the date for opening the financial bid was postponed to August 14. No bidder turned up that day.
The deadline was extended to September 15, then to October 10 and again to October 19. Yet the PPP project failed to find any bidder.
The Telegraph had reported in its October 14 edition, how some PPP projects in the state bombed.