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Adani-Led JV Named Lowest Bidder for Mithi River Phase 3 as BMC Reviews Tender

A final evaluation is pending after the Adani-led team bid 7.1% above the base estimate.

Overview

  • The joint venture of Adani Transport, Ashoka Buildcon and Akshaya emerged lowest for the ₹1,700 crore package after its quote was negotiated from 7.7% to 7.1% above the Brihanmumbai Municipal Corporation estimate.
  • Hindustan Times reports the bid is under final evaluation, while The Indian Express reports a work order has been issued to the Adani-led SPV.
  • The scaled-down phase focuses on flood control and sewage diversion with 18 flood-control gates, interceptors to divert dry-weather flows to Dharavi, a major pumping station near Mahim, new sewer lines, service roads and retaining walls.
  • The BMC reissued the tender this year after earlier rounds drew little interest, cutting the cost from about ₹2,300–2,394 crore by dropping an 8.85 km promenade and reducing the number of floodgates.
  • Opposition leaders allege eligibility tweaks favored the selected bidder, which civic officials deny, and the contract is structured as design-build-operate with 10 years of operation and maintenance.