The race between foreign dredging majors such as Van Oord, Jan De Nul and Royal Boskalis for a Rs 1,570 crore project on India's West Coast is likely to end soon.
Financial bids for the project to deepen and widen Mumbai Harbour Channel and JN Port channel can now be opened.
This follows approval of Cabinet Committee of Infrastructure to the project here today.
The bidders who had qualified to bid for this project include a consortium of Dredging International, Van Oord Dredging and Marine Contracting; Jan De Nul; and Royal Boskalis Westminster. All bidders have received security approvals.