The consortium led by Reliance
Infrastructure has decided not to seek an extension of the bid for the Rs.6,000
crore, 22 km sea link project between Sewri and Nhava-Sheva, citing the state
government's indecisiveness over awarding the contract.
A consortium of Reliance
Infrastrructure and Hyundai had won the bid for the project in February but the
state government ordered a review on grounds that the concession period, or the
period for which the developer collects toll to recover its costs was
unrealistically low.
Also See:
Bids re-evaluated
for Sewri-Nhava sea link project (30-May-08)
Related Links:
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