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    MSRDC floating tenders for Rs.46,000 cr highway

    Maharashtra State Road Development Corporation (MSRDC)
    In order to fast track the mega road project, the Maharashtra State Road Development Corporation (MSRDC) is all set to start the tendering process for the Nagpur-Mumbai Samruddhi Mahamarg highway project entailing an investment of Rs.46,000 crore. In a bid to achieve the March deadline, the managing director of MSRDC Radheshyam Mopalwar will issue work orders after completing the required procedure as the project is expected to be completed in next two to three years and hence the complete plan has been chalked out including the financial aspects of the project. Almost 7,500 hectare private land is already acquired for more than Rs.3,000 crore and around 50 to 60% of land acquisition has been completed and more than 80% of land for the project in Vidarbha has already been acquired. The Request for Qualification (RFQ) was invited in June 2017, and 33 companies had shown the interest but the MSRDC is also set to initiate international financial bidding process. There are 16 slots of construction works admeasuring 28-73 km, which have been finalized and tenders will be invited accordingly.
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