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Reliance Infrastructure (RInfra) and Astaldi S p A (Italy) in a joint venture have bagged a Rs 7,000-crore order for construction of the second sea link in Mumbai. The joint venture has bagged the engineering, procurement and construction (EPC) contract for the Versova-Bandra sea link, RInfra said in a BSE filing.
“The letter of award (LoA) for the project has been issued by the Maharashtra State Road Development Corporation (MSRDC). RInfra-Astaldi JV had emerged the most competitive bidder with a bid of Rs 6,993.99 crore,” it added. RInfa 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. Shares of RInfra were trading 1.53 per cent higher at Rs 428.50 apiece on BSE.
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