RInfra gives Rs 735cr for VBSL project

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The 17.7km lengthy Versova-Bandra Sea Link will likely be commissioned in 60 months.

Mumbai: Reliance Infrastructure has submitted Rs 735 crore financial institution ensures to the Maharashtra State Road Developers Corporation (MSRDC) for Versova-Bandra Sea Link (VBSL) project in Mumbai. According to assertion launched by Reliance, the ensures submitted forward of time for fast-track completion of project. The 17.7km lengthy sea-link will likely be commissioned in 60 months. Recently, the Reliance Infrastructure and Astaldi, an Italian firm signed an settlement with MSRDC.

Joint enterprise of Reliance Infrastructure-Astalidi had appeared because the lowest bidder and had quoted Rs 6,993.99.

The whole price of the project is roughly Rs 7,000 crore.  The VBSL has two connectors, one at Juhu Koliwada, which connects Otter’s Club at Juhu Tara Road, whereas the opposite one is at Nani Nani Park in Versova. However, the authorities are planning to increase the bridge to Western Express Highway (WEH) with a view to scale back the visitors snarls on the expressway. The MSRDC can be planning an extra connector from Bandstand in Bandra (west).

The sea hyperlink is predicted to be operational in 5 years by September 2023, whereas the toll will proceed until 2052.

The soil investigation works have begun put up, which the authorities plan to begin work by October.

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