R Infra-Astaldi JV secures Mumbai sea link project
New Delhi, May 7
Reliance Infrastructure (RInfra) and Astaldi SpA (Italy) in a joint venture have bagged Rs 7,000-crore order for construction of the second sea link in Mumbai.
The JV has bagged the engineering, procurement and construction (EPC) contract for Versova-Bandra sea link, RInfra said in a BSE filing.
“The letter of award (LoA) for the project has been issued by Maharashtra State Road Development Corporation (MSRDC). RInfra-Astaldi JV had emerged the most competitive bidder with bid of Rs 6,993.99 crore,” it added.
RInfra said the other bidders in the fray were L&T-Samsung JV and Hyundai Development Company-ITD JV.
The 17.17-km long Versova-Bandra project will be three times the length of the existing Bandra-Worli sea link. The project is to be commissioned in 60 months, the company said. — PTI
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