The Maharashtra State Road Development Corporation (MSRDC) preps up for construction of Bandra-Versova sea link (BSVL) which is expected to begin after monsoon. It is being known that, MSRDC has handed Letter of Acceptance (LoA) to the contractor for construction. This contract was awarded to Anil Ambani’s Reliance Infrastructure in joint venture with it’s foreign partner Astaldi Construction. There is already a sea link which is connected from Bandra to Worli and is successfully operational in Mumbai.
Reliance Infra was selected as they were the lowest bidder for this sea link. MSRDC estimated bids to come around Rs 5,516 crore, however, the companies who opted for this project had bid much higher rate, among which the Anil Ambani’s company was lowest bidder. Reliance Infra along with Astaldi had bid a total Rs 6,993 crore which was highest by Rs 1,477 crore compared to MSRDC estimates.
An MSRDC official said in a DNA report, “The board on Friday approved the bid of Rs 6,993 crore made by Reliance Infrastructure and Astaldi.” Read More