RInfra bags Rs11,000 crore Mumbai Metro-II project
Reliance Infrastructure (R-Infra) has been awarded the Rs11,000-crore Mumbai Metro-II project on a Build Operate Transfer (BOT) basis. The project is for a concession period of 35 years, with an extension clause of another 10 years, the company said in a statement today. The project will achieve financial closure in ninemonths.
Commenting on the decision Lalit Jalan, Reliance Infrastructure CEO and whole-time director said, “We are happy to win Mumbai Metro-II, which is the third project that Reliance Infrastructure has won in a row. We are confident of developing this project within five years from the date of financial closure.” The company had earlier been awarded the Mumbai Metro-I (Versova-Andheri-Ghatkopar corridor) and Delhi Airport Express Line projects.
Scheduled to be operational by 2015, Mumbai Metro-II project will provide a vital link between Navi Mumbai and the western suburbs, connecting Charkop in the north to Bandra and then to Mankhurd in the east. The total length of the project is 32 km, with 27 stations en-route.
The project has been awarded by the Mumbai Metropolitan Region Development Authority through an international competitive bidding process. R-Infra won the project as part of a consortium, which included SNC Lavolin Inc, Canada and Reliance Communications.