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Delhi Metro Rail Corporation offers ad rights inside 12 stations of MRTS Phase-II

Delhi Metro Rail Corporation offers ad rights inside 12 stations of MRTS Phase-II

Author | Pallavi Goorha Kashyup | Friday, Jul 16,2010 8:40 AM

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Delhi Metro Rail Corporation offers ad rights inside 12 stations of MRTS Phase-II

The Delhi Metro Rail Corporation (DMRC) has invited bids from national, multinational agencies and corporates for licensing out advertising rights inside 12 stations of MRTS Phase-II (Lajpat Nagar to Badarpur). The contract shall be awarded for a period of five years and an EMD of Rs 10 lakh is required.

The 12 stations specified include those at Lajpat Nagar, Mool Chand, Kailash Colony, Nehru Place, Kalkaji Mandir, Govind Puri, Okhla, Jasola, Sarita Vihar, Mohan Estate, Tughlakabad, and Badarpur. These advertising rights are being offered on bare sites that have to be identified, media vehicles to be fabricated, installed and commissioned by the licensee inside these stations. The total advertisement space being offered is approximately 2,400 sq. m (200 sq. m for each station).

The tender documents can be obtained from the DMRC office till 3.30 pm on August 13, 2010 upon payment of Rs 5,250 through demand draft drawn from any scheduled commercial bank, except regional rural banks and local area banks, favouring Delhi Metro Rail Corporation Ltd, payable at Delhi.

The successful bidders shall be required to submit an interest free security deposit for an amount equivalent to one year’s license fee. This amount will have to be deposited in the form of six months bank guarantee and six months cash deposit through bank draft or pay order. The security deposit will be escalated by 5 per cent after every year on a compound basis.

Duly completed tender forms will have to be submitted to the Chief Engineer, Property Development, Delhi Metro Rail Corporation Ltd, 2nd Floor, A Wing, Metro Bhawan, Fire Brigade Lane, Barakhambha Road, New Delhi-110001, latest by 4 pm on August 13, 2010. The bid will be opened the same day at 4.30 pm.

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