The Maharashtra Road Development Corporation (MSRDC), the nodal agency for the proposed Bandra Versova Sea Link (BVSL), has shortlisted ten contractors in the initial round.
The companies responded to the MSRDC’s request for qualification have organised themselves into five consortia, with HCC and SK Engineering bidding jointly, L&T teaming up with Daewoo Engineering & Construction, Reliance Infrastructure with China Guangdong Provincial ChangDa Highway Engineering Company, ITD Cementation with Hyundai Engineering and China Harbour Engineering teaming up with Soma Enterprise.
A senior MSRDC official told FE that the request for proposal (RFP) documents for the final round of selection are yet to be prepared.
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Funding for the BVSL is still a question mark. However, since construction is not expected to begin before December this year, the MSRDC has time to tie up the finances, the official said, adding that a request has been sent to the state government to allow the corporation to extend the tenure of collecting toll on the Bandra Worli Sea Link (BWSL) to partially fund the BVSL.
The MSRDC is authorised to collect toll on BWSL up to 2039. However, it wants to extend this by 20 years.