RInfra-Astaldi bags Rs 70 bn Versova-Bandra Sea Link project. All you need to know about the project here!
ECONOMY & POLICY

RInfra-Astaldi bags Rs 70 bn Versova-Bandra Sea Link project. All you need to know about the project here!

For the construction of the Versova-Bandra Sea Link Project in Mumbai, Reliance Infrastructure and Astaldi SpA have signed an agreement with the Maharashtra State Road Development Corporation (MSRDC). The tender for construction of the second sea link in Mumbai on EPC basis was floated by MSRDC. &...

For the construction of the Versova-Bandra Sea Link Project in Mumbai, Reliance Infrastructure and Astaldi SpA have signed an agreement with the Maharashtra State Road Development Corporation (MSRDC). The tender for construction of the second sea link in Mumbai on EPC basis was floated by MSRDC. <p></p> <p>With a length of 17.17 km, the Versova-Bandra Sea Link is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.</p> <p>Reliance Infrastructure and Astaldi SpA had earlier bagged the EPC contract for the Rs 70-billion project on a competitive bid basis. The consortium had emerged as the most competitive bidder with their bid of Rs 69.9 billion. The other bidders in fray were L&amp;T-Samsung and Hyundai Development Company-ITD.</p> <p>&quot;We are proud of having won this prestigious project, which is one-of-its-kind in India. This project will further propel Reliance Infrastructure as a premier EPC company in India. Our partnership with Astaldi SpA, the third biggest construction player in the world in bridges, will help us create a truly world-class mega infrastructure project for Mumbai,&quot; commented Arjun Gupta, CEO, Reliance Infrastructure EPC.</p> <p>Reliance Infrastructure-Astaldi will have to commission the project in five years from the appointed date. However, owing to monsoons, the work would be completely stalled for three months each year. Therefore, the consortium will effectively have just over three-and-a-half years to complete the project.</p> <p>The largest order executed by Astaldi SpA is the Izmit Bay Bridge (Gebze-OrhangaziIzmir Motorway Project) in Turkey with $7 billion investment for the entire project. Besides, Astaldi has also executed the Western High Speed Diameter Motorway in Saint Petersburg in Russia at a contract value of Ç2.2 billion. The project has a 12-km section with 5.3 km viaducts on sea and two cable-stay bridges; it was opened to traffic in December 2016.</p> To share your perspective on current industry happenings, write in at feedback@ConstructionWorld.in

Next Story
Real Estate

Kolkata’s luxury housing market sees price growth amid mixed trends

A new study by Nklusive reveals that Kolkata’s luxury residential market (Rs 5–10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment’s supply. The average price rose by 6 per cent—from Rs 17,519 to Rs 18,600 per sq ft—while unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..

Next Story
Infrastructure Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka’s Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur’s Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?