APCO to merge with Webuild in Constructing Versova Bandra Sea Link
ROADS & HIGHWAYS

APCO to merge with Webuild in Constructing Versova Bandra Sea Link

APCO Infratech has bagged the most anticipated project- Versova Bandra Sea Link from Maharashtra State Road Development Corporation (MSRDC). The firm will merge as a joint venture with Webuild, a subsidiary of Astaldi to construct Versova Bandra Sea Link with an estimated budget of Rs. 9000 crore.

Earlier, Astaldi-Reliance Infra JV had bagged the project in 2018. But now Reliance Infra, the former JV partner, has surrendered its stakes to Astaldi. As a result, Reliance Infra is no longer a part of the project. Now the APCO Infratech, a Lucknow-based company has got into the shoes of erecting the marvel.

Versova-Bandra Sea Link is a 17.17km long bridge connecting Versova to Bandra Worli Sea Link. The 8-lane sea link is designed to alleviate sprawling traffic on the Western Express Highway and the congestion in the Western Line Mumbai Suburban Railway. It is a cable stayed design incorporating concrete steel precast segment viaducts present at both the terminals. The project is forecasted to accommodate up to 60,000 automobiles by slashing down the travel time from 90 minutes to just 15 minutes between the connecting locations, hence saving the most precious asset of Mumbaikar’s- Time!

Since its commencement, Versova Bandra Sea Link has encountered numerous delays due to myriads factors. In 2012, the project's cost was reported to be Rs. 4,045 crore. In 2013, it exceeded Rs. 4,340 crore, and in 2014, it touched Rs. 5,975 crore. Now the cost has escalated to Rs. 9000 crore. Presently, APCO has joined hands with the global leader in bridge building- Astaldi. APCO Infratech is counted among India's rapidly emerging infrastructure corporations, boasting a stellar history of exceptional development and prosperity spanning three decades.

By completing the most convoluted operations in the fields of highways, power generation, tunnels, irrigation/canal, metro rail, urban infrastructure, and industrial growth, it provides unparalleled expertise, where this project is a splendid achievement highlighting its continuous endeavor.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

APCO Infratech has bagged the most anticipated project- Versova Bandra Sea Link from Maharashtra State Road Development Corporation (MSRDC). The firm will merge as a joint venture with Webuild, a subsidiary of Astaldi to construct Versova Bandra Sea Link with an estimated budget of Rs. 9000 crore. Earlier, Astaldi-Reliance Infra JV had bagged the project in 2018. But now Reliance Infra, the former JV partner, has surrendered its stakes to Astaldi. As a result, Reliance Infra is no longer a part of the project. Now the APCO Infratech, a Lucknow-based company has got into the shoes of erecting the marvel. Versova-Bandra Sea Link is a 17.17km long bridge connecting Versova to Bandra Worli Sea Link. The 8-lane sea link is designed to alleviate sprawling traffic on the Western Express Highway and the congestion in the Western Line Mumbai Suburban Railway. It is a cable stayed design incorporating concrete steel precast segment viaducts present at both the terminals. The project is forecasted to accommodate up to 60,000 automobiles by slashing down the travel time from 90 minutes to just 15 minutes between the connecting locations, hence saving the most precious asset of Mumbaikar’s- Time! Since its commencement, Versova Bandra Sea Link has encountered numerous delays due to myriads factors. In 2012, the project's cost was reported to be Rs. 4,045 crore. In 2013, it exceeded Rs. 4,340 crore, and in 2014, it touched Rs. 5,975 crore. Now the cost has escalated to Rs. 9000 crore. Presently, APCO has joined hands with the global leader in bridge building- Astaldi. APCO Infratech is counted among India's rapidly emerging infrastructure corporations, boasting a stellar history of exceptional development and prosperity spanning three decades. By completing the most convoluted operations in the fields of highways, power generation, tunnels, irrigation/canal, metro rail, urban infrastructure, and industrial growth, it provides unparalleled expertise, where this project is a splendid achievement highlighting its continuous endeavor.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement