Anil Ambani-led Reliance Infrastructure said on Wednesday it has bagged the Rs 7,000 crore Versova-Bandra Sea Link (VBSL) project in Mumbai.
It is one of the largest engineering, procurement and construction contracts of Maharashtra State Road Development Corporation (MSRDC) in Mumbai.
"Reliance Infrastructure is fully geared to deliver the project in 60 months from the appointed date of June 24, 2019, as per the contract," the company statement said.
VBSL is a marquee project with the Sea Link having a length of 17.17 km, which is three times the length of the Bandra-Worli Sea Link of 5.6 km.
The Versova-Bandra Sea Link will cut down commute time of Mumbaikars from over 90 minutes to 10 minutes. Mumbaikars can look forward to drastic savings in their fuel cost besides eco-friendly travel with a minimal carbon footprint.
For the project, Reliance Infrastructure has completed the works related to soil investigation in partnership with Fugro Ltd, and engineering design in partnership with Dar Al Handasah. MSRDC is expected to finalise the location of the casting yard for the work to start on the project.
"This project will further propel Reliance Infrastructure as a premier E&C company in India," said company's Executive Director and CEO Punit Garg.
"Our partnership with Astaldi SpA, the third biggest construction player in the world in bridges, will help us create a truly world-class mega infrastructure project for Mumbai."
"Wrapped In Proud Tricolours": Gautam Adani Posts Airport Terminals' Video On Eve Of Independence Day Speeding SUV Runs Over 2 Sleeping Men In Mumbai. 1 Dead, Driver Arrested "Trick Won't Work": Mumbai Police To Man Pulling Off "Stunts" Across City Vandalism At Kolkata Hospital Where Doctor Was Raped, Tear Gas Fired Starbucks' Indian-Origin CEO, Recently Fired, Never Worked Past 6 pm 150 mg Semen In Kolkata Doctor's Body, Suspect Gang-Rape: Parents To Court Delhi Airport Becomes 1st To Achieve Net Zero Carbon Emission Status US Welcomes India's Engagement In War Between Russia, Ukraine Google Says Iran Hackers Target Trump, Kamala Harris Campaigns Track Latest News Live on NDTV.com and get news updates from India and around the world.