Seven engineering majors, including L&T, IRCON International, and J Kumar Infraprojects, have emerged as the lowest bidders for Phase 1 of the Virar-Alibag Multimodal Corridor (VAMC). The Maharashtra State Road Development Corporation (MSRDC), which is executing the project, opened bids on Tuesday, May 21.
MSRDC awarded 11 construction contracts for the 96.47-km-long Phase 1 of the 126-km Corridor. VAMC will be developed as an 8-14-lane access-controlled highway. Phase 1 will connect Navghar-Balavali through three districts: Raigad, Thane, and Palghar.
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Other winners include Navayuga Engineering Company (NECL), Oriental Structural Engineers (OSE), Megha Engineering and Infrastructures (MEIL), and Welspun Enterprises (WEL). The expressway has been designed for a speed of 120 km/h, and the land acquisition process is currently underway.
MSRDC will spend an estimated INR 22,000 Crore to acquire the land. Furthermore, MSRDC has received Environmental clearance for the 18-km stretch between Chirner and Balvali, while the process for the remaining stretch is in its final stages.
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