Infrastructure firm Tata Projects on Monday said that it has secured a $850 million contract (Rs 5,612 crore) to design and build a part of Indias longest sea-bridge, the Mumbai Trans-Harbour Link.
According to the Hyderabad headquartered Tata Group company, it has bagged the contract in a joint venture with Daewoo E&C of South Korea.
"While the Tata JV emerged as the lowest bidder for both the sea packages 1 & 2, it was awarded only one of the packages (package 2) as provided in the tender conditions," the infrastructure firm said in a statement.
"The package awarded to Daewoo-Tata Projects JV involves construction of a 7.8 km long bridge section across the Mumbai Bay including Shivaji Nagar Interchange at Navi Mumbai at contract value of Rs 5,612 crore ($850 million), which is a complex stretch."
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