A joint venture between HDC Hyundai Development Company and Hindustan Construction Company (HCC), turned out to be the winning bidder for the construction of the 2nd section of the Mumbai Coastal Road Construction project will connect the Baroda region with the Worli area in Mumbai.. The joint venture took part in the main bid with a bidding price of 22.6 billion rupees, which was about 30 percent higher than the projected bidding price of 16.6 billion. In addition, to the joint venture, Larsen & Toubro and China-based Construction Company also participated in the bid for the second section. The southern coastal road project in Mumbai has been divided into four construction sections. In October of last year, the government announced a plan to build 83,000 km long roads by investing seven trillion rupees over the next five years. On the other hand, HDC Hyundai Development Company's winning the order is expected to contribute to increasing Korean companies participation in large-scale Indian infrastructure projects such as the Nagpur-Mumbai highway project, said an official spokesperson.
