Reliance Infrastructure (Rel Infra) and Hyundai Engineering consortium is likely to bag MSRDC's Rs 1,500 crore contract for Nariman Point Sealink project.

The proposed project, a part of Western Freeway Corridor project, will connect the newly constructed Bandra-Worli Sealink to Nariman Point. Rel-Infra consortium has reportedly been the sole bidder left in race for the corridor project. A formal announcement is expected from MSRDC in two to three days.

The four-lane and 3.6 km long Worli-Haji Ali Sealink will be the next step of almost completed Bandra-Worli Sealink. The Bandra-Haji Ali section of the corridor is estimated to cost Rs 3,200 crore, of which Rs 1,640 crore has been spent on Bandra-Worli Sealink.

The entire Western Freeway is likely to be an eight-lane sea bridge of which four-lane link has been built up between Bandra and Worli. In the next phase, the bidder will add another four lanes to the sealink connecting Worli to Haji Ali. This section of Western Freeway is based on a buy-back arrangement between the MSRDC and the bidder. The bidder will have to pay around Rs 1,700 crore upfront to MSRDC as the cost of Bandra-Worli Sealink. The bidder will recover this cost through toll on this section of the corridor to be levied for 30 years.

Also See:

Reliance Infra, HCC in fray for Worli-Haji Ali sea link project (05-Feb-09)