State to develop Mumbai Trans-Harbour Link, Ambanis out

June 25th, 2008 - 8:25 pm ICT by IANS  

Mumbai, June 25 (IANS) The Maharashtra government Wednesday decided to engage a state-run agency to construct the proposed Mumbai Trans-Harbour Link, rather than choose one of the two remaining bidders - Mukesh Ambani and Anil Ambani. Confirming the development, State Public Works Department Minister Anil Deshmukh told IANS that the State Road Development Corp (MSRDC) will construct the 22-km long bridge project, which will link Sewri on the Mumbai island with Nhava on the mainland across the Arabian Sea.

Deshmukh said the earlier tender process for MTHL has been cancelled, as the bids of the Ambani brothers were “unrealistic”.

“Both the bids were found to be unrealistic, and hence it was decided to cancel the tender process. Now, within a fortnight, MSRDC will come up with its proposal for the project and then work will be taken up,” Deshmukh said.

MSRDC will jointly execute the project with the Mumbai Metropolitan Region Development Authority (MMRDA), he added.

The prestigious project was originally estimated to cost Rs.600 billion, but is now expected to cost around Rs.750 billion, according to an official.

Tags: , , , , , , , , , , , , , , ,

Posted in Business |