Reliance Infrastructure (R-Infra), part of the Anil Dhirubhai Ambani Group, has bagged the 32 km Mumbai Metro-II project connecting Charkop to Mankhurd via Bandra. The project cost is pegged at Rs 11,000 crore and is slated to be completed by 2015.
The project is on a Build-Operate-Transfer (BOT) model with a concession period of 35 years and incorporates an extension clause of another ten years. The link would have 27 stations on the way.
R-Infra won the project through an international competitive bidding process. The company will execute the project in a consortium with SNC Lavolin Inc of Canada and group company Reliance Communications. It hopes to complete the project ahead of schedule – within five years of achieving financial closure.
The company had earlier clinched the Mumbai Metro-I (Versova-Andheri-Ghatkopar corridor) and Delhi Airport Express Line.