May 2018 \ Business & Investment \ Business and Governance
RInfra bags huge project

The Reliance Infrastructure Limited and Astaldi S.p.A...

The Reliance Infrastructure Limited and Astaldi S.p.A (Italy) joint venture has bagged the engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai. The letter of award (LoA) for the much-anticipated project has been issued by the Maharashtra State Road Development Corporation (MSRDC), an official statement in May said. The Reliance Infrastructure Limited-Astaldi S.p.A JV had emerged the most competitive bidder with their bid of Rs 6,993.99 crore for the mega infrastructure project which will link with the existing Bandra-Worli Sea Link, which opened in June 2009. The other bidders in the fray for the Versova-Bandra Sea Link were L&T-Samsung JV and Hyundai Development Company-ITD JV. The tender for the construction of the second sea link in Mumbai on EPC-basis was floated by MSRDC. With a length of 17.17 km, the Versova-Bandra Sea Link will be three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km. “Our JV with Astaldi S.p.A, the third biggest construction player in the world in bridges with an order backlog of over Rs 2 lakh crore, will help us create a truly world class mega infrastructure project for Mumbai,” said Reliance Infrastructure Ltd. EPC CEO Arun Gupta.

Tags: Reliance

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