Anil Ambani led Reliance Infrastructure along with world’s third largest construction player in building bridges, Astaldi S.p.A (Italy) have bagged the engineering, procurement and construction (EPC) contract for the 17.17 kilometres (km) Versova-Bandra Sea Link Project in Mumbai for ₹6993.99 crore.
‘The letter of award (LoA) for the project has been issued by Maharashtra State Road Development Corporation (MSRDC). Reliance Infrastructure Limited-Astaldi S.p.A JV had emerged the most competitive bidder with their bid of ₹6,993.99 crore. The other bidders in fray were L&T-Samsung JV and Hyundai Development Company-ITD JV,” said a company statement.
The tender for the construction of second sea link in Mumbai on EPC-basis was floated by MSRDC. 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.
Speaking on the occasion, Reliance Infrastructure EPC CEO, Arun Gupta, said, “Our JV with Astaldi S.p.A, the third biggest construction player in the world in bridges with an order backlog of over Rs. two lakh crore, will help us create a truly world class mega infrastructure project for Mumbai.”
The largest order executed by Astaldi S.p.A is Izmit Bay Bridge (Gebze-Orhangazi-Izmir Motorway Project) in Turkey with $7b (₹45,500 crore) investment for the entire project. It is the fourth longest suspension bridge worldwide that was completed in April 2016.
Besides, the JV partner of Reliance Infrastructure Ltd. for Versova-Bandra Sea Link, has also executed the Western High Speed Diameter Motorway in Saint Petersburg in Russia with Euro 2.2 billion (₹17,600 crore) contract value. The project has a 12-km section with 5.3-km viaducts on sea and two cable stay bridges, which was opened to the traffic in December 2016, the statement added.
Reliance Infrastructure shares on BSE were trading up 1.3% at ₹427.55 in a firm Mumbai market on Monday afternoon.
