Tata-Daewoo lowest bidder in MTHL project

Tata Projects Ltd (TPL) has announced that its joint venture with Daewoo of Korea has been declared the lowest bidder in two packages of the Mumbai Trans Harbour Link (MTHL) project.

The consortium quoted a total of Rs 12,951 crore for these two packages; however, it cannot be awarded more than one of these. 

However, a decision on placing the contract with the consortium is likely to be delayed, as these bid quotes are about 15 per cent higher than what was estimated by the Mumbai Metropolitan Region Development Authority.

"It is a landmark mega infrastructure project in heavy civil engineering, as it