expressed interest – Mingkem http://mingkem.com/ Sat, 26 Mar 2022 02:09:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mingkem.com/wp-content/uploads/2021/10/icon-7-120x120.png expressed interest – Mingkem http://mingkem.com/ 32 32 South Korean companies team up with Candy to buy Chelsea https://mingkem.com/south-korean-companies-team-up-with-candy-to-buy-chelsea/ Fri, 18 Mar 2022 20:51:00 +0000 https://mingkem.com/south-korean-companies-team-up-with-candy-to-buy-chelsea/ Soccer Football – Premier League – Chelsea v Newcastle United – Stamford Bridge, London, Britain – March 13, 2022 General view of the stand during the match REUTERS/David Klein Join now for FREE unlimited access to Reuters.com Register The deadline for bids to buy Chelsea was set for 21:00 GMT on Friday. Nick Candy teams […]]]>

Soccer Football – Premier League – Chelsea v Newcastle United – Stamford Bridge, London, Britain – March 13, 2022 General view of the stand during the match REUTERS/David Klein

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  • The deadline for bids to buy Chelsea was set for 21:00 GMT on Friday.
  • Nick Candy teams up with Korean companies to bid
  • Chicago Cubs owners, the Ricketts family, table offer
  • Turkish businessman Muhsin Bayrak gets the procedure wrong

MANCHESTER, England, March 18 (Reuters) – South Korean firms Hana Financial Group and C&P Sports Limited have teamed up with British property developer Nick Candy to offer two billion pounds ($2.64 billion) to Chelsea, a news source said. Friday Candy in a statement.

He added that the consortium also includes “significant Silicon Valley investors and tech billionaires who have other stakes in sports teams in the United States.”

Premier League Chelsea was initially put up for sale by owner Roman Abramovich after Russia invaded Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving him control of the club.

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Raine Group, an American bank, oversaw the sale process before the Russian billionaire was sanctioned, and set a deadline of 21:00 GMT on Friday for the submission of offers, which the Candy consortium respected.

“Football clubs are vitally important community and cultural assets, and this is a unique opportunity to give football back to the fans and put them at the heart of the operations and strategy of a global football club. foreground,” Candy said. told Reuters in a statement.

“I believe Chelsea have all the fundamentals to become the most valuable and respected sporting club in the world and a force for greater good in everything they do.”

C&P Sports CEO Catalina Kim previously confirmed to Reuters that they and Hana were considering an offer.

“We are in the process of arranging our bid for Chelsea FC,” a statement read. “Surprisingly enough, despite the size of the economy, there has never been any investment in (English) Premier League football clubs made by South Korean capital until now.

“Now it’s time for a change and we are ready to start a new chapter with Chelsea FC.”

The owners of the American baseball team the Chicago Cubs, the Ricketts family, have confirmed to Reuters that they have also submitted an offer for Chelsea, together with Citadel founder Ken Griffin.

Turkish businessman Muhsin Bayrak, who had previously expressed an interest in the club, said on Friday night that his company AB Group Holding had not submitted a bid to Raine Bank.

Bayrak blamed AB Group for missing the deadline due to a misunderstanding with its lawyers over the auction process. “I am very upset,” he told Reuters.

According to emails seen by Reuters, lawyers for the AB Group contacted the UK Department for Digital, Culture, Media and Sport using a generic email address to file an inquiry, rather than filing a bid with the American investment bank.

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Hana Financial Group is a South Korean investment bank and financial services company headquartered in Seoul, Korea. They are also the title sponsor of the Korea Football League and the national football team.

C&P Sports Limited is a leading sports consultancy based in London and Seoul.

C&P Sports has worked on commercial agreements with several major clubs over the past 10 years, such as Kumhos Tires with Tottenham Hotspur, Nexen Tire with Manchester City and Hyundai Motors with Atletico Madrid.

Candy, a lifelong Chelsea fan, has been joined by former Blues player and manager Gianluca Vialli as he prepares his candidacy.

“I have met Nick Candy several times over the past few weeks and I am fully behind his visions,” Italian Vialli said in a statement after it was announced the company he co-founded, Tifosy, will act in as the lead advisor for the process.

Many other companies and business people were planning to bid before the deadline expired.

World Athletics chairman Sebastian Coe has joined a consortium including former Liverpool chairman Martin Broughton.

Swiss billionaire Hansjoerg Wyss, who joined LA Dodgers co-owner Todd Boehly to express interest, was joined by British businessman Jonathan Goldstein and his conservative counterpart Daniel Finkelstein.

($1 = 0.7587 pounds)

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Reporting by Peter Hall; additional reporting by Ali Kucukgocmen, David Gauthier-Villars and Rohith Nair; Editing by Christian Radnedge and Ken Ferris

Our standards: The Thomson Reuters Trust Principles.

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Varanasi Development Authority to Launch Ropeway Project Tender Process from March 16 | Varanasi News https://mingkem.com/varanasi-development-authority-to-launch-ropeway-project-tender-process-from-march-16-varanasi-news/ Mon, 14 Mar 2022 03:25:00 +0000 https://mingkem.com/varanasi-development-authority-to-launch-ropeway-project-tender-process-from-march-16-varanasi-news/ VARANASI: The process of finalizing the tender for the ambitious cable car project for public transport in the old and congested areas of Kashi will resume from March 16. The process was suspended for more than two and a half months for various reasons, including assembly polls. Speaking to TOI on Sunday, Varanasi Development Authority […]]]>
VARANASI: The process of finalizing the tender for the ambitious cable car project for public transport in the old and congested areas of Kashi will resume from March 16.
The process was suspended for more than two and a half months for various reasons, including assembly polls.
Speaking to TOI on Sunday, Varanasi Development Authority Chairman and Divisional Commissioner Deepak Agrawal said, “Officials of WAPCOS Limited, an accredited public sector company under the Union Ministry of Jal Shakti which has finalized the pilot phase of the cable car project, will be in the city with numerous bidders on March 16. They will discuss issues of concern to them before the bidding process is finalized.
VDA, the agency executing the project in Kashi to use the ropeway as a public transport system in the country’s first city, had already extended the date for completing the bidding process several times due to for various reasons, including elections to the assembly.
The ropeway system was chosen as the MRTS component, following the rejection of the Kashi Metro railway plan in June 2018. All basic exercises of the project had been finalized by WAPCOS in August 2021 and VDA also convened the pre-planning meeting. bidding with bidders in November 2021. On December 15, 2021, the state cabinet gave final approval to the proposed 3.65 km ropeway project in the pilot phase for Kashi Old Town, which will come between Varanasi Junction (Cantt station) and Girijaghar crossing (Godowlia) via Rathyatra.
In last year’s pre-tender meeting, many global ropeway and ski lift manufacturers from the United States, Austria, France and Malaysia participated in the process and expressed interest in running the ambitious Rs 410 crore ropeway venture in Kashi. Agrawal said that initially the deadline for submitting bids was set for 23rd December 2021. But, as huge paper work was required to submit the bids by the companies and it could not be completed on schedule due to the Christmas holidays. He said that at the request of the companies, the last date has been extended to January 31.
However, as the assembly election process also began in January, participating companies preferred to wait to participate in the tender. Perhaps these companies preferred to wait for the formation of the new state government before submitting a tender given the changes made to the mass rapid transit systems component by the Bharatiya Janata Party government after its came to power in the state in 2017 by rejecting Metro Rails’ proposal approved for Varanasi by the previous Samajwadi party government, sources said, mentioning that participating companies wanted to ensure no changes were made after the start of the process.
Agrawal said a model code of conduct has been enacted for the assembly election in the state, the deadline for submitting tenders for the cable car project has been revised again and extended until March 31. This time, officials are confident that the bidding process for the cable car project will be completed. as the BJP retained power, after which the possibility of any cable car project changes to be launched on a public-private partnership model was removed.
The reason for this confidence of the nodal agency for the execution of the ropeway project is the participation of representatives of six companies, including ECL Management Sdn Bhd from Malaysia, Doppelmayr Garaventa from Austria and the French company Poma Ropeways in the pre-meeting to the call for tenders, which was convened by the VDA in November 2021 as well as their requests for an extension of the deadline for the submission of tenders.
The service will start with 220 cable cars, which will be available at stations equipped with escalators within 90 to 120 seconds. Each cable car will take 15 minutes to complete the end-to-end journey, officials said.
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Unusual tendering process allows ILO to avoid standard 1% fee on $ 5.2 million contract https://mingkem.com/unusual-tendering-process-allows-ilo-to-avoid-standard-1-fee-on-5-2-million-contract/ Fri, 12 Nov 2021 17:25:34 +0000 https://mingkem.com/unusual-tendering-process-allows-ilo-to-avoid-standard-1-fee-on-5-2-million-contract/ PROVIDENCE, RI (WPRI) – The atypical bidding process that led to the controversial OIT Group LLC state contract worth up to $ 5.2 million has also enabled the company to ‘Avoid standard fees on such contracts, found Target 12. Avoiding the usual 1% fee on similar state contracts – known as “guiding price agreements” or […]]]>


PROVIDENCE, RI (WPRI) – The atypical bidding process that led to the controversial OIT Group LLC state contract worth up to $ 5.2 million has also enabled the company to ‘Avoid standard fees on such contracts, found Target 12.

Avoiding the usual 1% fee on similar state contracts – known as “guiding price agreements” or MPAs – would be worth up to $ 51,708 off the maximum value of the ILO agreement. But after Target 12 asked about the exemption, the ILO on Friday announced its intention to pay the fee anyway.

The problem was exposed in the thousands of pages of documents related to the ILO agreement obtained by Target 12 as part of a request for access to public documents. The education consultancy contract has come under heavy criticism since Target 12 revealed its existence on September 7, and RI Attorney General Peter Neronha is currently investigating how it was formed.

Under a law enacted in 2017, state suppliers who procure government work under an MPA are required to pay a 1% contract fee. The fees – which are meant to fund the creation of an electronic procurement system – sparked controversy when suppliers first learned that it would go into effect.

However, an email message obtained by Target 12 shows that the ILO was not required to pay the 1% fee despite the McKee administration’s decision to award his contract as an AMP.

Nina Lennon, state interdepartmental project manager, wrote in a June 10 email to other state procurement officials: “We have created a new AMP (598) but it will not have 1%. “

Target 12 first asked the McKee administration on Monday morning to confirm that the ILO had been exempt from the 1% tax. The administration was unable to answer the question for most of the week. But on Friday, RI Administration Department spokesman Derek Gomes confirmed that the ILO was not paying the fees.

Gomes attributed this to the fact that the McKee administration initiated the procurement process for what became the ILO contract as a competitive bid intended to lead to the selection of a single supplier. (The initial contract plan was put together by Mike Magee, one of the governor’s most influential outside advisers, whose subordinate created the ILO the week McKee took office.)

As Target 12 has documented, despite two rounds of tenders in April and May, the ILO still wanted millions of dollars more than WestEd, its main rival for the contract.

Rather than award the contract to WestEd, a review team gave the go-ahead for the governor’s office to move to an AMP, allowing McKee and his advisers to negotiate the amount of money each company would get. In June, the governor’s office awarded the ILO a contract worth up to $ 5.2 million, while awarding WestEd a contract worth just under $ 1 million .

Gomes said the change in approach to how the contract is awarded is why the ILO and WestEd have avoided the 1% MPA fee.

“The provision of advisory services for the plan to reopen K-12 schools and higher education did not include administrative fee language,” Gomes told Target 12 in an email , referring to the original tender document. “When this deal was first published, the state did not envision the outcome being an MPA; therefore, standard language informing vendors of AMP fees was not included in the original solicitation document. “

Gomes added: “To unilaterally assess the 1% fee without notice to the supplier would be problematic. “

However, Gomes indicated that there are now discussions that the ILO and WestEd are paying the fees anyway.

“The two vendors approved on this MPA have since expressed interest in paying the fee, and the Department of Administration is working to determine if and how this can be done,” he told Target 12.

Less than an hour after Gomes’ email, ILO spokesperson Frank McMahon told Target 12: “The ILO has just been made aware of the problem and the ILO will pay the costs. from 1 %.

The ILO has yet to submit its first bill for the state’s payment under the contract, which is funded by federal coronavirus relief money. State officials said the ILO should invoice quarterly.

It is not known if WestEd will also start paying the AMP fees.

“Our agency first learned of the 1% charge on Wednesday, and we are currently awaiting further information from the state regarding the charge so that we can come to an agreement on how to proceed,” the door said. -WestEd’s speech, Pamela Polk, at Target 12 Friday night.

McKee strongly defended the procurement process that led to the selection of the ILO despite criticism from lawmakers and others, while also denouncing media coverage of the deal.

Ted nesi (tnesi@wpri.com) is Target 12 investigative reporter and 12 News policy and business editor. He co-hosts Newsmakers and writes Nesi’s Notes on Saturdays. Connect with him on Twitter, Facebook, LinkedIn and Instagram

Eli Sherman and Tim White contributed to this report.



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Manchester United owner Glazer family arrive in UAE for bidding process, two new IPL teams to be confirmed today https://mingkem.com/manchester-united-owner-glazer-family-arrive-in-uae-for-bidding-process-two-new-ipl-teams-to-be-confirmed-today/ https://mingkem.com/manchester-united-owner-glazer-family-arrive-in-uae-for-bidding-process-two-new-ipl-teams-to-be-confirmed-today/#respond Mon, 25 Oct 2021 05:36:13 +0000 https://mingkem.com/manchester-united-owner-glazer-family-arrive-in-uae-for-bidding-process-two-new-ipl-teams-to-be-confirmed-today/ The Glazer family, owners of Manchester United, have arrived in the United Arab Emirates with the documents ready to bid, and the winners of the offer as well as two new teams will be named today according to TOI sources. IPL 2022 will certainly see 10 teams instead of 8, and a mega auction is […]]]>


The Glazer family, owners of Manchester United, have arrived in the United Arab Emirates with the documents ready to bid, and the winners of the offer as well as two new teams will be named today according to TOI sources. IPL 2022 will certainly see 10 teams instead of 8, and a mega auction is expected to take place at the end of the year. The two new IPL teams have yet to be named and the bidding process is expected to end today.

Regarding the TOI sources, Ahmedabad, Lucknow, Indore, Cuttack and Guwahati are in the running to be chosen as the next two teams, so it will be interesting to see what happens if Man United Owner wins the auction. The winner of the offer will have the luxury of owning the franchises while Adani Group, Torrent Group, RP-Sanjiv Goenka Group, Capri Global and Hindustan Times Media are some of the big names expected to sit at the table. auction. .

Manchester UnitedOwners[photo: Twitter]

Industrialist Naveen Jindal is also showing interest

Naveen Jindal, 51, has reportedly expressed interest in purchasing an IPL franchise, which is surprising as it has been linked with steel and energy. Naveen Jindal is a former Member of Parliament and billionaire industrialist, and he’s looking to build an IPL franchise out of Cuttack by partnering with the government led by Naveen Patnaik.

“Odisha’s government will wholeheartedly support Odisha’s franchise as it has supported all other sports over the past few years,” Sources according to TOI.

IPL 2022
Naveen jindal[photo: Twitter]

Offer policies unclear according to BCCI sources

BCCI sources are unclear on how the bidding process is likely to go as bidders are unaware of the value of other bidders entering the bid table. With over 20 parties having been registered for the tender, Taj Dubai has been appointed as the tender submission center.

“Anyone who shows up at the auction table will expect to know the value of all other bidders, regardless of the winning bid.” according to TOI sources.

The BCCI is launching a call for tenders for one of the two new IPL 2022 teams. Photo-Twitter
The BCCI is launching a call for tenders for one of the two new IPL 2022 teams. Photo-Twitter

The winner of the bidding process for two new IPL 2022 teams is expected to be announced on Monday, October 25 at 11 a.m.

Also read – IPL 2022: Lucknow and Ahmedabad most likely cities for two new teams – Reports


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IPL Tender Document Clarifications Delayed BCCI Submission | Cricket news https://mingkem.com/ipl-tender-document-clarifications-delayed-bcci-submission-cricket-news/ Mon, 27 Sep 2021 07:00:00 +0000 https://mingkem.com/ipl-tender-document-clarifications-delayed-bcci-submission-cricket-news/ MUMBAI: Even as BCCI decided to push back the final bid submission date to own two new Indian Premier League (IPL) franchises from October 17 to 25, competition among potential investors to own these franchises has diminished. with each passing day. The delay in the submission date is due to the fact that BCCI responded […]]]>


MUMBAI: Even as BCCI decided to push back the final bid submission date to own two new Indian Premier League (IPL) franchises from October 17 to 25, competition among potential investors to own these franchises has diminished. with each passing day.
The delay in the submission date is due to the fact that BCCI responded to the multiple questions it received from potential bidders and industry players, which may also involve clarifying certain legalities.
First of all, a little bit about who is offering from now on. After weeks of speculation about the Adani group’s participation at the table, it can be said with some degree of certainty that the company is calculating numbers for this purpose.
“The Torrent group in Ahmedabad is also looking to bid, but through electricity and not pharma. The RPG-Sanjeev Goenka group will be a certain bidder. The other company very interested in bidding was Aurobindo Pharma. But they are still developing eligibility clauses which are part of the requests considered by the BCCI, ”those familiar with the developments told TOI this week.
Aditya Birla Group and financial services firm Kotak have expressed interest but may not cross a certain spending threshold. Since IPL just happens to be the rare uninteresting Indian company – given that a winning bidder pays BCCI the franchise sum in 10 equal parts over 10 years – many private equity and investment fund players should have been interested. However, this was not the case.
The reasons for this situation can be found in the clauses of the tender documents. BCCI has requested that the average turnover of the company bidding for a franchise be at least Rs 3,000 crore or that the average net worth of each bidder be at least Rs 2,500 crore. “Which is good, but the problem is that BCCI also says that in case of a consortium of three bidders, the average net worth of each bidder should be Rs 2,500 crore according to the last three audited accounts. This is where the problem arises, ”sources say.
The cricket council did this, he says, to avoid controversies as in the past when consortia bid on franchises but quickly withdrew from IPL. However, potential bidders have written to BCCI to seek clarification on this matter. Outside of Ahmedabad, Lucknow is where the second most likely franchise is to be based and industry leaders say, “It is high time that the proverbial heart of India got its own. IPL team ”.
“If 100 people watch TV in India, almost 75% watch it in Hindi and almost 22% of that 75% is Uttar Pradesh alone. Today, while India accounts for over 70% of global television, Uttar Pradesh can be considered one of the densest cricket fan bases in the world, ”these tracking numbers say.
With the sale of new media rights coming later this year and IPL’s central revenue pool expected to grow by almost 80%, the industry is fixing the value of each franchise at Rs 4,000 crore. “Two franchises combined could bring the BCCI revenues of more than a billion dollars”, say the experts.


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Railways re-evaluate bidding process for private passenger trains https://mingkem.com/railways-re-evaluate-bidding-process-for-private-passenger-trains/ https://mingkem.com/railways-re-evaluate-bidding-process-for-private-passenger-trains/#respond Thu, 19 Aug 2021 07:00:00 +0000 https://mingkem.com/railways-re-evaluate-bidding-process-for-private-passenger-trains/ The railways are reassessing the ongoing tendering process for the ??30,000 crore in private passenger trains after it received no interest from private players in its tender launched last year to operate such trains in 12 groups, confirmed on Wednesday senior officials. Of the 12 clusters offered for auction, only three saw an offer, they […]]]>


The railways are reassessing the ongoing tendering process for the ??30,000 crore in private passenger trains after it received no interest from private players in its tender launched last year to operate such trains in 12 groups, confirmed on Wednesday senior officials.

Of the 12 clusters offered for auction, only three saw an offer, they said.

“The entire tendering process for the operation of private passenger trains is being re-evaluated. Offers in the current process may or may not be abandoned once the review is complete,” an official said.

It was in July last year that the Ministry of Railways launched calls for tenders for private participation in the operation of passenger trains in twelve clusters across the country. The plan included 109 origin-destination pairs. Successful bidders were to be granted a 35-year concession period based on a revenue model.

During the call for qualification (DQ) last year, 16 companies from the private sector expressed their interest in the project. GMR Highways Ltd, Indian Railway Catering and Tourism Corporation Ltd (IRCTC), IRB Infrastructure Developers Ltd, Cube Highways and Infrastructure III Pte. Ltd and CAF India Private Ltd were some of the major companies that expressed interest in the project.

This number decreased considerably during the tender stage (financial tender) which took place recently, with only two bidders. The bids were submitted by IRCTC and Megha Engineering and Infrastructure Ltd for three clusters, while all other bidders withdrew, citing concession rules favoring Indian railways, sources said.

Officials said the lack of a regulatory body, the payment of transportation costs in addition to revenue sharing, and restrictions on route flexibility are among the likely reasons that kept bidders out of bidders. ambitious railway plans.

In July of last year, Indian Railways planned to introduce private trains to its network in phases, with the first dozen scheduled to start operating in fiscal year 2023-24 and the 151 by 2027. According to projections by the Ministry of Railways, the carrier was supposed to select the companies that will operate the private trains by April 2021; the first 12 are expected to start circulating by 2023-24, followed by 45 more in 2024-25, the next 50 in 2025-26 and the last 44 by 2026-27.

Now, the sources said the ministry has returned to the drawing board to plan the terms of the entire program from scratch.

This story was posted from a feed with no text editing.

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Indian Railways re-evaluates tendering process for private trains https://mingkem.com/indian-railways-re-evaluates-tendering-process-for-private-trains/ https://mingkem.com/indian-railways-re-evaluates-tendering-process-for-private-trains/#respond Thu, 19 Aug 2021 07:00:00 +0000 https://mingkem.com/indian-railways-re-evaluates-tendering-process-for-private-trains/ Successful bidders were to be offered a 35-year concession period based on a revenue model. Credit: Faraz Arshad on Unsplash. Indian Railways is reportedly reviewing the current tender process for its $ 4.05 billion (300 billion rupees) tender for the operation of private passenger trains. In July 2020, India’s Ministry of Railways invited private entities […]]]>


Successful bidders were to be offered a 35-year concession period based on a revenue model. Credit: Faraz Arshad on Unsplash.

Indian Railways is reportedly reviewing the current tender process for its $ 4.05 billion (300 billion rupees) tender for the operation of private passenger trains.

In July 2020, India’s Ministry of Railways invited private entities to operate 151 new trains.

These trains were to run on more than 109 origin-destination (OD) route pairs.

It grouped the 109 OD pairs into 12 groups across the rail network, each of the trains having a minimum of 16 cars.

Successful bidders were to be offered a 35-year concession period based on a revenue model.

However, according to the rail operator, this call for tenders did not generate much interest from private entities.

Of the 12 clusters launched for deals, only three saw an offer at all.

A government official was quoted by The Economic Times as saying: “The entire tendering process for private passenger train operations is being re-evaluated. Offers in this process may or may not be removed upon completion of the review.

During the Request for Qualification (RFQ) last year, around 16 private sector companies expressed interest in the private train project.

The companies included GMR Highways, Indian Railway Catering and Tourism Corporation, IRB Infrastructure Developers and CAF India Private.

The commitment decreased considerably during the tender stage (financial tender) which took place recently, with the participation of only two bidders.

Earlier this month, the Indian Railways Organization of Alternate Fuel (IROAF) put out tenders for the development of a hydrogen fuel cell train on the Indian rail network.

This project should promote the concept of hydrogen mobility in India.


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Railways: Railways review tendering process for private train project https://mingkem.com/railways-railways-review-tendering-process-for-private-train-project/ https://mingkem.com/railways-railways-review-tendering-process-for-private-train-project/#respond Thu, 19 Aug 2021 07:00:00 +0000 https://mingkem.com/railways-railways-review-tendering-process-for-private-train-project/ New Delhi: Indian Railways is reassessing the ongoing bidding process for its 30,000 crore tender to operate private passenger trains. The call for tenders, launched in July last year, did not generate much interest from private players. The Ministry of Railways had launched calls for tenders for private participation in the operation of passenger trains […]]]>


New Delhi: Indian Railways is reassessing the ongoing bidding process for its 30,000 crore tender to operate private passenger trains.

The call for tenders, launched in July last year, did not generate much interest from private players.

The Ministry of Railways had launched calls for tenders for private participation in the operation of passenger trains in 12 groups across the country. The plan included 109 origin-destination pairs. Successful bidders were to be granted a 35-year concession period based on a revenue model.



Of the 12 clusters submitted for bids, only three saw a bid at all.

“The entire tendering process for the operation of private passenger trains is being reassessed,” a government official said.

The current bidding process may or may not be abandoned once the review is complete, he added.

During the call for qualification (DQ) last year, 16 companies from the private sector expressed their interest in the project.

GMR Highways Ltd, Indian Railway Catering and Tourism Corporation Ltd, IRB Infrastructure Developers Ltd, Cube Highways and Infrastructure III Pte Ltd and CAF India Private Ltd were among the top companies that expressed interest. This number decreased considerably during the recently organized call for tenders (financial call for tenders) stage, with only two bidders.


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Indian Railways Reassess Tender Process Worth Rs 30,000 Crore For Private Passenger Trains; here’s why https://mingkem.com/indian-railways-reassess-tender-process-worth-rs-30000-crore-for-private-passenger-trains-heres-why/ https://mingkem.com/indian-railways-reassess-tender-process-worth-rs-30000-crore-for-private-passenger-trains-heres-why/#respond Thu, 19 Aug 2021 07:00:00 +0000 https://mingkem.com/indian-railways-reassess-tender-process-worth-rs-30000-crore-for-private-passenger-trains-heres-why/ In last year’s tender, a total of 16 private sector companies expressed interest in the private train project. The ongoing tendering process for private passenger trains worth Rs 30,000 crore is being reassessed by Indian Railways. This is done because it has not received any interest from private actors for the call for tenders launched […]]]>


In last year’s tender, a total of 16 private sector companies expressed interest in the private train project.

The ongoing tendering process for private passenger trains worth Rs 30,000 crore is being reassessed by Indian Railways. This is done because it has not received any interest from private actors for the call for tenders launched last year for the operation of such rail services in 12 clusters across the rail network. According to senior officials cited in a PTI report, of the 12 clusters, only three saw an offer. One official said offers in the current process may or may not be scrapped once the review is complete. Last year, in July, the Ministry of Railways launched tenders for private sector participation in the operation of passenger trains in twelve clusters. The plan involved up to 109 origin-destination pairs. A concession period of 35 years was to be granted to successful bidders on the basis of revenue.

In last year’s tender, a total of 16 private sector companies expressed interest in the private train project. During the recent call for tenders phase (financial call for tenders), this number decreased considerably with only two bidders. For three clusters, bids were submitted by the Indian Railway Catering and Tourism Corporation (IRCTC) and Megha Engineering and Infrastructure Limited, while all other bidding companies withdrew, citing concession rules favoring the national carrier, according to from sources cited in the report. Officials say some of the likely reasons that kept bidders away from the project include the lack of a regulator, payment of transportation costs in addition to revenue sharing, as well as restrictions on flexibility of routes.

As of July of last year, Indian Railways planned to launch phased private train services, with the first dozen trains scheduled to start operating in fiscal year 2023-24 and all 151 trains by 2027. According to the projection of the Ministry of Railways, by April 2021, the national carrier was supposed to identify the companies that will operate the private trains; the first 12 were expected to start circulating by 2023-24, followed by 45 more in FY 2024-25, the next 50 in FY 2025-26, and the last 44 by fiscal year 2026-27. Now the Ministry of Railways has returned to the drawing board to work out the terms of the entire project from scratch, sources added.

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RAI launches host city tender process https://mingkem.com/rai-launches-host-city-tender-process/ https://mingkem.com/rai-launches-host-city-tender-process/#respond Wed, 07 Jul 2021 07:00:00 +0000 https://mingkem.com/rai-launches-host-city-tender-process/ RAI, the Italian national broadcaster, has launched the bidding process for the host cities of the 2022 Eurovision Song Contest by inviting cities to submit their applications in their quest to host the next edition of Eurovision Song Contest in Italy next year. The potential host city of Eurovision 2022 must comply with a series […]]]>


RAI, the Italian national broadcaster, has launched the bidding process for the host cities of the 2022 Eurovision Song Contest by inviting cities to submit their applications in their quest to host the next edition of Eurovision Song Contest in Italy next year.

The potential host city of Eurovision 2022 must comply with a series of requirements and regulations set by the European Broadcasting Union in order to host the event and must contribute financially to the organization of the event.

RAI has published the call for tenders for the Eurovision 2022 Host Cities bid process, cities wishing to host the event next year can apply to host the event from today July 7 up to Monday July 12 midnight. They must communicate their wish to RAI via the following email: [email protected]

Once the cities have applied, RAI will send them the specifications. Below, the cities which meet the conditions will be invited to prepare their respective tender documents in order to submit them to the RAI and the EBU.

The EBU and RAI will have the final say on the deliberation of the host city of Eurovision 2022.

The host city of Eurovision 2022 must meet the following requirements set by the EBU:

  • The city should be near an international airport without more than 90 minutes from the city center
  • The city is expected to have around 2,000 hotel rooms in the area near the event.
  • An infrastructure (stadium / venue / center) capable of hosting a large-scale live broadcast with the minimum requirements listed below.
  • The place must be indoors with air conditioning and have a well-defined perimeter
  • The hall must have an audience capacity in the main hall of approximately 8,000 to 10,000 spectators during the event (which corresponds to 70% of the maximum capacity of this hall for regular concerts, taking into account the needs specific to the stage and production of the Eurovision Song Contest.
  • The venue should have a main hall with the capacity to house the set and all other requirements necessary to produce a high level broadcast production (this includes good specifications for load capacity in the roof, clearance to low beams, easily accessible charging station, etc.)
  • The roof should be at least 18 meters high (in the room) with good loading capacity
  • The venue should have a large space with easy access to the main hall to meet additional production needs, such as: a press center (to accommodate around 1,000 journalists), a delegation bubble, boxes, facilities for artists, facilities for staff, hospitality, facilities for the public etc.
  • The place must be available exclusively 6 weeks before the event, 2 weeks during the show (which will take place in May) and one week after the end of the event for dismantling.

Milan, Turin, Bologna or Rome?

Turin is one of the favorites to host Eurovision 2022

A total of 12 cities have so far expressed interest in hosting the competition next year, but not all of them qualify to host the event:

  • Milan
  • Turin
  • Rome
  • Bologna
  • Pesaro
  • Naples
  • Verona
  • San Remo
  • Rimini
  • Reggio Emilia
  • Florence
  • Bari

Of the cities mentioned above, only four of them seem to meet the requirements:

It seems Turin and Rome head into a two-horse race and are the first in the host city auction race. Turin has already started working on its candidacy and has the full back up of its municipality. Rome, known worldwide as the Eternal City, is the majestic capital of Italy and the main headquarters of RAI is located here.

This is just the start as all interested cities must prepare their respective offers in accordance with EBU rules and regulations and include a substantial financial contribution in order to host the competition. Milan and Bologna also want to welcome the Eurovision bandwagon in May.

The cities will work on their offers and submit their books to the Italian broadcaster over the following weeks. The official announcement of the host city of Eurovision 2022 is expected by the end of the summer.

The EBU and RAI have yet to confirm the dates for the 2022 Eurovision Song Contest.

Stay tuned to ESCToday for the latest news on the 2022 Eurovision Song Contest.

Source: EBU / RAI / eurovision.tv / ESCToday

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