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Bandra-Versova Sea-Link get Union Home Ministry's security clearance

If a company involved in construction has over 50 per cent foreign stakes in the same, a security clearance is required from the Union Home Ministry.

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Reliance Infrastructure owner Anil Ambani
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The Anil Ambani-led Reliance Infrastructure and Italy-based Astaldi have received a security clearance from the Union Home Ministry for the construction of 17-km Bandra-Versova Sea-Link (BVSL), Maharashtra State Road Development Corporation (MSRDC) officials said.

If a company involved in construction has over 50 per cent foreign stakes in the same, a security clearance is required from the Union Home Ministry.

An MSRDC official said, “We have received the communication from the state government regarding Reliance Infrastructure and Astaldi getting security clearance. It was just a formality considering there was no question of denial as India and Italy don’t have complications as India-China may have.”

In July 2017, the ministry had denied security clearance to a Chinese consortium in the construction of India’s largest sea-link between Mumbai and Navi Mumbai, also known as 22-km-long Mumbai Trans Harbour Link.

After this, many companies, which were bidding in joint venture with Chinese companies, had changed their partners, probably fearing being denied security clearance. Following this, some Chinese companies, too, in the past year, withdrew from bidding for various projects in the state including BVSL, Mumbai-Nagpur Expressway and Mumbai-Pune Expressway Augmentation.

The BVSL is expected to be functional within four years. One way toll for light motor vehicles to ply on Bandra-Versova Sea-Link (BVSL) will be Rs 250. The distance between Bandra and Versova is around 12.5 km. However, the overall length of the Sea-Link is 17-km considering there are three connectors at Bandra, Versova and Juhu.

DNA had reported in May 2018 how constructing BVSL would cost Rs 1,477 crore more from the initially estimated Rs 5,516 crore, with MSRDC accepting the Rs 6,993 crore bid by Reliance Infrastructure.

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