Dec 27, 2008

Worli - Haji Ali sealink bidders dry up due to global slowdown

worli haji ali sealink mumbai

Bandra - Worli sealink is almost complete. This 5.6 km bridge will be in service around March 2010. The second part of this project is to build a link between Worli and Haji Ali. This bridge will be 3.3 km long, including a 1 km connector to Haji Ali.

The base cost of Worli-Haji Ali bridge is Rs. 1,120 crore. However, the successful bidder will also need to buy the Bandra - Worli sealink for Rs. 1,640 crore. Given the cost of building the bridge and maintaining it, the total cost of the bridge will be Rs 4,100 crore over the next 40 years, wich the bidders will need to recover through tolls.

Current global recession has reduced interest in this project. Among the 17 parties which had purchased the bid documents, only two consortiums have submitted technical bids - Reliance-Hyundai and HCC-John Laing-Samsung. Final bidder will be awarded within the next two weeks. The project is supposed to start in 2010 with the completion date of January 2013.