Happy to be part of MTHL project, plan to complete by 2021: LT
The Mumbai Trans Harbour Link (MTHL) is set to become a reality soon. Larsen and Toubro (L&T) has won the order, which is in excess of Rs 8,600 crores in partnership with IHI Corporation of Japan.
In an interview to CNBC-TV18, SN Subrahmanyam, MD & CEO of the company spoke about the latest happenings in his company and sector.
“It is a great feeling to have great portion of this bridge, it is a historic bridge. This has been planned right from the 1970s, it went through various committees, three-four times bids have been called and then finally it has seen the light of the day,” he said.
Government of Maharashtra, the Chief Minister Devendra Fadnavis and the Mumbai Metropolitan Region Development Authority (MMRDA) should be congratulated for having taken this bold decision, he added.
There are three parts to the bridge, one from the Sewri side, the largest package of about Rs 6,400 crore. Other part is from the mainland side. “Total for us it is about Rs 8,637 crore,” said Subrahmanyam. There is one more part of roughly about Rs 4,900-5,000 crore, which makes the total bridge.
Speaking about IHI Corporation he said, “IHI is one of the best steel and bridge builders from Japan and it is good to have them as our partners.”
Work on the project begins immediately, designing and planning will take 4-5 months and the project needs to be completed over 4.5 years that is by 2021, he further mentioned.
According to him, the project will give a fillip to cement, to steel, a lot of local employment and to all around economic development around Mumbai.
Land has already been acquired by MMRDA towards the construction of the bridge, he added.
On infrastructure segment Subrahmanyam said, “We are cautiously optimistic.”
For full interview, watch accompanying video…