Maharashtra State Road Development Corporation (MSRDC) on Thursday announced 13 companies as lowest bidders for the construction of Nagpur-Mumbai Maharashtra Samruddhi Mahamarg (MSM) expressway for a total value of Rs 470 billion.
“We have received 13 lowest bidders (L-1s) out of 18 eligible ones to build 13 of the 16 packages of the 700-km expressway,” MSRDC said in a statement.
As a strategy to ensure smooth implementation of high-cost projects, the state and central governments in all their recent project-award activities have chosen to break down projects into multiple packages.
“Construction for the MSM expressway has been divided into 16 packages and the bid process for the remaining three packages is under progress,” the statement said. Read More