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Chinese firm pulls out from sea link bid

DNMUM409623 | 3/13/2018 | Author : Mehul R Thakkar | WC :276 | Mumbai

Mumbai: A Chinese company that has bagged projects in Pakistan and having links with the China Pakistan Economic Corridor did not submit bids for the Bandra-Versova Sea Link despite being qualified.
Uncertainty over Indo-China ties and fear of not getting security clearance from the Centre might have driven it out, said sources in the Maharashtra State Road Development Corporation.
The MSRDC, which is executing the 9.5-km-long project, had quoted Rs 5,516 crore for construction of the sea link, the bids for which were opened on Monday.
Initially, five firms in joint ventures had bid for the project. While two JVs had a Chinese partner each, Reliance Infrastructure later changed its partner. Another in the fray was Chin
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