RInfra-Astaldi JV wins Rs.7,500 cr Sea Link project

    RInfra-Astaldi Joint Venture
    Adding to their project portfolios, the Reliance Infrastructure and Italian firm Astaldi's joint venture has won the bid for Versova-Bandra Sea Link project entailing an investment worth Rs.7,500 crore, MSRDC sources said, adding that Reliance Infra has already been awarded the bid for 32.32 km-long Wadala-Ghatkopar-Thane-Kasarvadavali metro stretch. This sea-link project, worth about Rs.7,500 crore, is expected to be completed within five years, however the companies have assured that the project will be completed in four years. RInfra and Astaldi combine has won the bid but it will take a while before the Maharashtra State Road Development Corporation board endorses the same. In December 2017, the Anil Ambani-led Reliance Infrastructure had replaced its Chinese partner for the sea-link project as it was one of the five companies that had bid for the sea-link work.
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