L&T, China’s STEC to jointly build Rs5,273-cr Mumbai Metro Line 3
05 Jul 2016
Larsen & Toubro, an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, announced the commencement of construction of Mumbai Metro Line 3 project of Mumbai Metro Rail Corporation, which will be jointly executed by Heavy Civil Infrastructure Business of L&T Construction and its partner STEC of China.
''Mumbai Metro Rail Corporation has announced the commencement of the Mumbai Metro Line 3 project, to be executed by Heavy Civil Infrastructure Business of L&T Construction, along with its partner, STEC of China, for a value worth Rs5,273 crore,'' L&T stated in a release.
The scope of the project includes design and construction of underground stations and associated tunnels for Package 1 and Package 7 in Line 3 of Mumbai metro project.
The prestigious EPC project includes underground stations at Cuffe Parade, Vidhan Bhavan, Church Gate, Hutatma Chowk with associated tunnels from Cuffe Parade to CST for Package 1 and underground stations at Marol Naka, MIDC and SEEPZ with associated tunnels from International Airport to SEEPZ for Package 7.
The project is scheduled to be completed in 48 months.
''This is a significant win in the heavy civil infrastructure space and we hope that this is a sign for many such projects involving vital infrastructure that are in the offing,'' SN Subrahmanyan, deputy managing director and president, L&T, said.
''This mandate is truly representative of our expertise in building metros as we are already building some major metro projects in India and the Middle East. With the support of our partners, we are confident of delivering as per the requirements of our client,'' he added.
With $16 billion in annual revenues, L&T operates in over 30 countries worldwide.
MMRC, which is implementing the project, received bids from companies including L&T, Alstom, Cobra, Tata Projects, Isolux, Bright Power KEI, Siemens, Leena Powertech Engg, Kanohar Electricals and CHUNG-HSIM Electric & Machinery Mfg Corp.
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