Reliance Infrastructure submits bank guarantees for Versova-Bandra Sea Link Project

Reliance Infrastructure submits bank guarantees for Versova-Bandra Sea Link Project

Reliance Infrastructure has informed to BSE that Reliance Infrastructure consortium has submitted Rs. 350 crore of Performance Security Bank Guarantee (PS-BG) and Rs. 385 crore of Mobilisation Advance Bank Guarantee (MA-BG) to Maharashtra State Road Development Corporation (MSRDC) for the construction of Versova Bandra Sea Link Project (VBSL). The total length the project is 17.17 km and it is three times the length of the existing Bandra-Worli Sea Link, which is 5.6 km. 

The company further informed that the consortium has submitted the guarantees ahead of time for fast track completion of the VBSL project.

Reliance Infrastructure-Astaldi S.p.A (Italy) Consortium will be constructing the Versova-Bandra Sea Link Project in Mumbai for which the agreement was signed between the Consortium and MSRDC.

 

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