Sat, Feb 11 2012

Sofia's subway extension bids

Mon, Jul 05 2004 15:00 CET

byIvan Vatahov

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The price offered by a French-Japanese consortium and the rival Taisei Corporation of Japan for the construction of a section of Sofia's subway is 25 per cent cheaper than expected.

The section will connect Sveta Nedelya Square with Dragan Tsankov Boulevard, Sofia Mayor Stefan Sofianski said after the opening of the financial sections of the companies' bids.

Taise proposes to construct the section for 9.3 billion Japanese yen, and the Japanese-French consortium for 9.8 billion yen. The loan arrangement made for the section is for more than 12 billion yen.

"Since the construction will be cheaper, we will repay a smaller amount of money," Sofianski said.

There were five participants in the competitive bidding and three of them were dropped after the evaluation of the technical offers. The French-Japanese consortium includes, Nishimatsu, Mitsubishi and AMEC, and they went through to this last round of tendering with Taise. The three rejected participants include JV Vinci Construction Grand Project (France) - Alstom Transport SA (France); JV Obayashi Corporation (Japan) - Yapi Merkezi Insaat Ve Sanayi AS (Turkey); and Bouygues Travaux Publics (France).

The Japan Bank for International Cooperation (JBIC), which will extend a loan of $104 million for the construction of the subway system, is expected to approve by September 2004 the contractor that will build the new section of the system.

The technical offers were evaluated based on 48 criteria. The financial sections were kept at a notary's office. Only bidders whose technical sections were previously approved, had their financial offers opened on July 30. The competitive bidding was held in accordance with the international terms and conditions stipulated by JBIC, the financing bank.

Thirteen companies presented tentative offers, five companies and consortia made it to the second stage.

Reviewing the financial offers opened on July 30, the competitive bidding commission, set up by Sofia Municipality, will send them for coordination to JBIC. The last stage of the procedure is the signing of an agreement with the contractor approved.

The Sveta Nedelya - Dragan Tsankov Boulevard section of the subway is 2.5 km long and will have two stations. The deadline for its completion is three years.

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