Linking EEH & coastal road: L&T is the lowest bidder

27 Jul 2023 CW Team

Larsen and Toubro (L&T) has emerged as the lowest bidder for the 3.81 km long underground tunnel that will link Eastern Freeway to Coastal Road on Marine Drive. The project will decongest stretches of road like Crawford market junction, GPO Junction and even CSMT junction as this road will be like a bypass for traffic headed to and fro from Marine Driv.

An MMRDA official said, “Even though L&T has emerged as the lowest bidder, the decision to award the contract will be taken after scrutiny of the bid documents.”

L&T has quoted a sum of Rs 7,765 crore, which is almost Rs 1,000 crore more than the estimated cost. Once built, this will be the longest underground road tunnel within the island city. The 3+3 lane will take 4 years to complete. There will be two-lane one-way ramps to connect the Eastern Freeway and two-lane one-way tunnels to connect to Coastal Road and Marine Drive. The underground tunnel, whose alignment is planned below SVP road, will criss-cross above or below the Metro 3 (Colaba-Bandra-Seepz) corridor between Grant Road and Girgaum Metro station. It is expected to reduce the travel time between these two destinations to 8 to 10 minutes as against the existing time of 30 to 40 minutes via Fort and Marine Drive.

Earlier, MMRDA had planned for an elevated corridor. The viaduct was to come up at a height of 5.5 m at Girgaum but many idols are of the same height or taller, when they are transported by truck, the height would be invariably more than the viaduct.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..