Bandra-Versova Sea Link Faces Cost Escalation
The nodal agency for the Bandra-Versova sea link project in Mumbai is re-evaluating bids after the lowest bid it received was 27 per cent higher than its estimated cost. “The evaluation of cost against the bid is in progress now,” said Radheshyam Mopalwar, vice-president and managing director at Maharashtra State Road Development Corporation. The lowest bid received by the MSRDC for the construction of the 9.6-km sea link stood at 6,993.99 crores, submitted by a joint venture of Reliance Infrastructure Ltd. and Italian company Astaldi. The cost of construction of the sea link was estimated by the MSRDC at Rs 5,516 crore. That’s 27 per cent lower than the lowest bid. The Bandra-Versova sea link is an important part of the coastal road project, as it proposes to connect south Mumbai to the western suburbs through a series of tunnels, sea links and reclaimed roads.
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