HCC sets to bag Rs.2,206 cr coastal road project

The joint venture of Hindustan Construction Company Ltd (HCCL) and Hyundai Development Company (HDC) has emerged as the likely winner for Mumbai Coastal Road Package-2, bids for which were opened by Municipal Corporation of Greater Mumbai (MCGM), said sources, adding that the HCC joint venture placed the bid at Rs.2,206 crore for Package 2, around 30% higher than the reserved amount of Rs.1,661 crore. Package 1 of the coastal road project starts from Priyadarshini Park to Baroda Palace near Haji Ali, while Package 2 starts from Baroda Palace to the Worli end of the existing Bandra-Worli sea-link. The deadline for bids submission for Package 4 — from Princess Street flyover on Marine Drive to Priyadarshini Park — has been postponed. The contract for another package within the first phase of the project — the 17 km Bandra-Versova sea-link that is handled by Maharashtra State Road Development Corporation — has been awarded to Reliance Infrastructure, which bid nearly Rs.7,000 crore and the total cost of the coastal road project is estimated at Rs.15,000 crore.