The Reliance Infrastructure Limited and Astaldi S.p.A (Italy) joint venture has bagged the engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai.<\/p>\n
The letter of award (LoA) for the much-anticipated project has been issued by the Maharashtra State Road Development Corporation (MSRDC), an official statement said here on Monday.<\/p>\n
The Reliance Infrastructure Limited-Astaldi S.p.A JV had emerged the most competitive bidder with their bid of Rs 6,993.99 crore for the mega infrastructure project which will link with the existing Bandra-Worli Sea Link, which opened in June 2009.<\/p>\n
The other bidders in the fray for the Versova-Bandra Sea Link were L&T-Samsung JV and Hyundai Development Company-ITD JV.<\/p>\n
The tender for the construction of the second sea link in Mumbai on EPC-basis was floated by MSRDC.<\/p>\n
With a length of 17.17 km, the Versova-Bandra Sea Link will be three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km.<\/p>\n
Our JV with Astaldi S.p.A, the third biggest construction player in the world in bridges with an order backlog of over Rs 2 lakh crore, will help us create a truly world class mega infrastructure project for Mumbai, said Reliance Infrastructure Ltd. EPC CEO Arun Gupta.<\/p>\n
The largest order executed by Astaldi S.p.A is Izmit Bay Bridge (Gebze-Orhangazi-Izmir Motorway Project) in Turkey with a $7 billion investment for the entire project.<\/p>\n
It is the fourth longest suspension bridge worldwide that was completed in April 2016, Gupta added.<\/p>\n
Besides the Versova-Bandra Sea Link, the company has also executed the Western High-Speed Diameter Motorway in Saint Petersburg in Russia with a Rs 17,600 crore contract value.<\/p>\n
The project has a 12-km section with 5.3-km viaducts on the sea and two cable stay bridges, which was opened to traffic in December 2016.<\/p>\n
Reliance Infrastructure Limited is one of the pioneering names in the business with a project portfolio of 1,000 km of roads, 140 MW of solar power and 9,000 MW of thermal power.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reliance Infrastructure Limited and Astaldi S.p.A (Italy) joint venture has bagged the engineering, procurement and construction (EPC) contract for the prestigious Versova-Bandra Sea Link Project in Mumbai. The letter of award (LoA) for the much-anticipated project has been issued by the Maharashtra State Road Development Corporation (MSRDC), an official statement said here on Monday. […]<\/p>\n","protected":false},"author":3,"featured_media":609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[82,81],"class_list":["post-608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-astaldi","tag-ril"],"aioseo_notices":[],"yoast_head":"\n