NRI Real Estate and Property Investment in India
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NRI led Firm invites bids for University Project
Wednesday, September 24, 2008

NRI billionaire Anil Agarwal-led Vedanta Group is inviting bids for construction of buildings and other infrastructure facilities for its Vedanta University project. Orissa government and Anil Agarwal Foundation had signed a memorandum of understanding in 2006 to set up a private university with a donation of one billion dollars (Rs 4,500 crore) as endowment amount from Anil Agarwal. The a multi-disciplinary Rs 15000 crore university project of Anil Agarwal Foundation, which would be spread over 8,000 acres in Puri district of Orissa, was originally scheduled to start this year but has been postponed as issues related to land acquisition has delayed the construction work, Anil Agarwal Foundation s Commercial Head C Joseph said .

As part of its vendor selection process, the foundation has invited expression of interest (EoI) in a public advertisement across national dailies, from contractors, suppliers and service providers in areas like construction of institutional buildings and townships, power station and other facilities. Joseph said that the current invitation for EoIs is a follow-up of a previous one, as the task requires numerous contractors due to its large size. The construction work is expected to start soon and the foundation has already mobilised the piling contractor and is in process of finalising other contractors.

 

 

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