Anil Dhirubhai Ambani Group firm Reliance Infrastructure Ltd has bagged the Mumbai Metro II project, a 32-km elevated rail line between Charkop to Mankhurd in the suburbs.
"The Mumbai Metropolitan Regional Development Authority (MMRDA) has awarded the contract of Mumbai Metro II project to us, for which we are setting up a separate SPV," Reliance Infra CEO and Whole-time Director Lalit Jalan told reporters here today.
The Reliance consortium was the only bidder for the project.
The company is awaiting formal award letter shortly, Jalan said, adding the project will be completed in four years period from the date of award.
"We have given a project cost of Rs 11,000 crore to MMRDA," Jalan said.
Mumbai Metro II project will have different technical partners, he said.
Reliance Infrastructure is developing 11 projects aggregating over Rs 13,500 crore of transmission, road and metro rail projects.
The company is also a preferred bidder in four projects of over Rs 20,000 crore in roads, metro rail, sea link and airport sector, Jalan said.
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