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

07 Jul 2026

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..

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..

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..