The Reliance Infrastructure and Italian firm Astaldi�s joint venture has won the bid for Versova-Bandra Sealink. Reliance Infra has already been awarded the bid for 32.32-km-long Wadala-Ghatkopar-Thane-Kasarvadavali Metro.
This sea-link project, worth about Rs 7,500 crore, is expected to be completed within five years. In 2016, this same project was worth Rs 5,500 core. �It has been assured to us that the project will be completed in four years. RInfra and Astaldi combine has won the bid but it will take a month before the Maharashtra State Road Development Corporation board endorses it,� said an MSRDC official.

In December 2017, the Anil Ambani-led Reliance Infrastructure had replaced its Chinese partner for the sea-link project. Reliance was one of the five companies that had bid for the sea-link work. Like Reliance, other Indian companies had gone for a JV, too. This project was first proposed in 2009, but after the idea of coastal road was floated, it was abandoned. Now, this project has gained momentum, since there is a delay in the coastal road project due to opposition from environmentalists and Juhu residents. Since then, the cost of the project has gone up substantially.

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