Mumbai, October 03, 2018:
Hindustan Construction Company Ltd.
(HCC), in a joint venture with Hyundai Development Corporation (HDC), has been awarded a Rs. 2,126 crore contract by the Municipal Corporation of Greater Mumbai (MCGM), for design and construction of the Mumbai Coastal Road Project, Package II. HCC's share in the JV is 55% (Rs. 1 ,I 69 crore) and the project is to be completed in 4 years (48 months).
Commenting on the new order, Mr. Arjun Dhawan, Director & Group Chief Executive Officer, HCC, said "The Mumbai Coastal Road will have a real impact on the lives of Mumbaikars by decongesting inner city roads and dramatically reducing travel time, while improving air quality around residential neighbourhoods. For HCC, this prestigious and technically challenging project is a matter of immense pride and a natural extension of the Bandra Worli Sea Link constructed by it.
" The scope of work includes design and construction of road, bridges, interchanges including reclamation and associated works between Baroda Palace near Haji Ali and the Worli end of Bandra Worli Sea Link.
MCGM has envisaged the Mumbai Coastal Road Project (MCRP) along the western seafront of the city to decongest existing roads. This ambitious project intends to connect the iconic Marine Drive in the south to Kandivili in the north. It comprises of tunnels, roads on reclaimed land, roads on stilts and bridges with interchanges planned at strategic locations for dispersal of traffic. MCRP would cut down travel time of commuters by as much as 60% and the dedicated bus rapid transit systems (BRTS) lanes would encourage public transport, leading to fuel savings. The section from Baroda Palace to the Worli end of the existing Bandra Worli Sea Link is one of the three packages of the first phase of the MCRP.
About HCC:
HCC is a business group of global scale developing and building responsible infrastructure through next practices. With an engineering heritage of nearly 100 years, HCC has executed a majority of India's landmark infrastructure projects, having constructed 25% of India's Hydro Power generation and over 65% of India's Nuclear Power generation capacities, over 3,800 lane km of Expressways and Highways, more than 335 km of complex Tunnelling and over 365 Bridges. Today, HCC Ltd. serves the infrastructure sectors of Transportation, Power and Water. The HCC Group, with a group turnover of Rs.10,132 crore, comprises of HCC Ltd., HCC Infrastructure Co. Ltd., and Steiner AG in Switzerland
Ref From BSE 3/10/2018
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