Two bidders for toll collection rights at Bandra-Worli Sealink

Mumbai Entry Point Ltd (MEPL) and Konark Infrastructure have bid for toll collection rights at the landmark Bandra-Worli Sea Link for four-months, the Maharashtra State Road Development Corporation said.

Mumbai Entry Point Ltd (MEPL) and Konark Infrastructure have bid for toll collection rights at the landmark Bandra-Worli Sea Link for four-months, the Maharashtra State Road Development Corporation said.

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Currently, MEPL is acting as the vendor for collecting toll on behalf of the MSRDC and the current contract is being awarded for a limited period as Reliance Infrastructure is to take over toll collection by end-this year.

MEPL's ongoing contract, under which it is paying Rs 75-crore for toll collection rights for a year, is expiring soon and hence MSRDC floated the new tender, a spokesperson for MSRDC said.

MSRDC will be doing a technical evaluation of the bids first and if the bidders comply, financial aspects will be looked into, he said, adding that the process could take around 8-days.