Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 70 billion Versova-Bandra Sea Link Project in Mumbai.<\/p>\n
“Reliance Infrastructure Limited – Astaldi SpA (Italy) Consortium signed an agreement with MSRDC today for construction of prestigious Versova-Bandra Sea Link Project in Mumbai,” the company said in a statement. <\/p>\n
Reliance Infrastructure-Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs 70 billion project on a competitive bid basis. The consortium had emerged the most competitive bidder with their bid of Rs 69.93 billion.<\/p>\n
The other bidders in the fray were L&T-Samsung and Hyundai Development Company-ITD, it said in a statement adding that the tender for the construction of the second sea link in Mumbai on EPC basis was floated by the MSRDC.<\/p>\n
With a length of 17.17 km, Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km, the statement said.<\/p>\n
Reliance Infrastructure EPC CEO Arun Gupta said, This project will further propel Reliance Infrastructure as a premier EPC company in India. Our partnership with Astaldi S.p.A, the third biggest construction player in the world in bridges, will help us create a truly world-class mega infrastructure project for Mumbai.<\/p>\n
Reliance Infrastructure – Astaldi has to commission the project in five years from the appointed date.<\/p>\n
However, the company said that owning to the monsoon, the work would be completely stalled for three months each year.<\/p>\n
The largest order executed by Astaldi SpA is Izmit Bay Bridge (Gebze-OrhangaziIzmir Motorway Project) in Turkey with $7 billion investment for the entire project, the statement said.<\/p>\n
Besides, Astaldi has also executed the Western High-Speed Diameter Motorway in Saint Petersburg in Russia with Euro Rs 176 billion contract value, it added.<\/p>\n
The project has a 12-km section with 5.3-km viaducts on the sea and two cable stay bridges, which was opened to the traffic in December 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reliance Infrastructure (RInfra) said Tuesday that its consortium has inked an MoU with Maharashtra State Road Development Corporation (MSRDC) for the Rs 70 billion Versova-Bandra Sea Link Project in Mumbai. “Reliance Infrastructure Limited – Astaldi SpA (Italy) Consortium signed an agreement with MSRDC today for construction of prestigious Versova-Bandra Sea Link Project in Mumbai,” the company said in a statement. Reliance Infrastructure-Astaldi had earlier bagged the engineering, procurement and construction (EPC) contract for the Rs 70 billion project on a competitive bid basis. The consortium had emerged the most competitive bidder with their bid of Rs 69.93 billion. The other […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[230],"tags":[],"class_list":["post-178609","post","type-post","status-publish","format-standard","hentry","category-roads"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/178609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=178609"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/178609\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=178609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=178609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=178609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}