A bunch of strategic investors including Adani Enterprises, IRB Infrastructure and Cube Highways are likely to bid for toll rights of Rajiv Gandhi Sea Link Bridge, popularly known as Bandra-Worli Sealink, said multiple people aware of the development.
Maharashtra State Road Development Corporation (MSRDC) has invited bids for the new operator for the most expensive toll road within Mumbai city as MSRDC’s contract with the previous concessionaire, MEP Infrastructure Developers, expired on January 30.
MEP Infrastructure Developers and other operators, such as PNCNSE -3.15 % Infratech and Sahakar Global, are also keen to submit the bids for toll operation, which will be offered for 19 years, till March 2039. SBI Capital is running the mandate for MSRDC. The contract carries an expected bid value of Rs 2,940 crore (about $411 million).
However, MSRDC, which has called for bids with a deadline of May 12, is likely to extend the date in the wake of the lockdown. But the prospective bidders are already preparing themselves for the coveted contract.
Mails sent to Adani and Cube spokespersons did not elicit any responses while IRB spokesperson declined to comment. “We have not yet taken any decision on extending the deadline and its premature to discuss,” said Radheshyam Mopalwar, managing director of MSRDC, without sharing further information.
As per the original plan, MSRDC was expected to complete the process by end of June quarter. However, this could be extended to September considering the lockdown, one of the sources said.
MSRDC may to extend the dealine for bids, the value of which is estimated at Rs 2,940 crore
