That was awfully quick! Larsen & Toubro on Thursday was declared as the lowest bidder to construct a new bridge between Nariman Point and Cuffe Parade (near Colaba) by the Mumbai Metropolitan Region Development Authority (MMRDA)
As shared earlier this week – this approximately 1.77 km 4 lane bridge will connect Marine Drive, where the 29.80 km Mumbai Coastal Road terminates further up north, with Captain Prakash Pethe Marg near Cuffe Parade Station – the southern terminus of Mumbai Metro’s Aqua Line (Line-3).
MMRDA had invited tenders for the bridge’s civil construction in November 2022 with a Rs. 315 crore estimate and 30 month (2.5 year) completion deadline.
Technical bids were opened on January 4 to reveal 2 bidders and technical bid evaluation was completed within 8 days, something that is unheard of. L&T beat J Kumar Infraprojects by just Rs. 1 crore when financial bids were opened on Thursday afternoon.
Financial Bid Values
|Firm||Bid (Rs. Crore)|
|Larsen & Toubro||316|
|J Kumar Infraprojects||317|
Brief Scope: Design and Construction of 4 lanes Bridge connecting Nariman Point to Colaba Cuffe Parade on EPC mode
L&T’s bid was 1 crore higher than MMRDA’s estimate, which is negligible, so a contract should be awarded in the coming weeks without a lengthy financial bid evaluation period.
As shared earlier, I’m not a big fan of this bridge. Ideally the entire Bay Bay should be reclaimed which would negate the cost of building the bridge’s sub and super-structure.
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