MSRDC seeks Rs 38 cr revenue from sea link toll for six months
The Maharashtra State Road Development Corporation (MSRDC) is now seeking a minimum of Rs 38 crore as toll for six months on the Rajiv Gandhi Sea Link.mumbai Updated: Jun 09, 2010 01:06 IST
The Maharashtra State Road Development Corporation (MSRDC) is now seeking a minimum of Rs 38 crore as toll for six months on the Rajiv Gandhi Sea Link.
With its one-year contract for collecting toll on the sea link set to expire in the first week of July, the MSRDC has been forced to float tenders for toll collection and maintenance on the 4.7-km sea link for a period of six months.
The present toll collection tender is with Mumbai Entry Point Ltd, which had bagged the tender last July for Rs 74 crore.
The tender was for one year.
A consortium of Reliance Infrastructure and Hyundai bagged the contract for constructing the next phase of the sea-link up to Haji Ali which also gives them the right to charge toll on the Bandra-Worli sea link too.
However, as Reliance has still not handed over Rs 1,634 crore as part of the agreement, MSRDC has had to search for a stop-gap collector who will collect the amount till the contract is signed.
MSRDC has set the base price of six month's toll at Rs 38 crore. The last date of tender submission is July 7 and the tenders will be opened one the same day.
“We expect the new operator to start toll collection by the end of next month,” a MSRDC official said.
First Published: Jun 09, 2010 01:05 IST