Infrastructure major Hindustan Construction Company (HCC) in a joint venture with Hyundai Development Corporation has won a contract for Mumbai Coastal road project worth ₹2,126 crore from the Municipal Corporation of Greater Mumbai (MCGM).

HCC’s share in the joint venture is 55 per cent with order inflow of ₹1,169 crore. The project is to be completed in four years, the company said.

As BusinessLine has reported earlier this year, HCC’s joint venture had emerged as the front-runner in the tender for this package of Mumbai’s ambitious Coastal road project, the cost of which is estimated at ₹15,000 crore. Larsen and Toubro (L&T) is another player that bagged two packages (Package 1 and 4) of this project, the company announced on Monday.

“For HCC, this prestigious and technically challenging project is a matter of immense pride and a natural extension of the Bandra Worli Sea Link constructed by it,” Arjun Dhawan, Director & Group Chief Executive Officer, HCC, said.

A new 17 km long sea-link from Bandra to Versova which will become a part of the total coastal road project but is handled separately by Maharashtra State Road Development Corporation, was recently awarded to Reliance Infrastructure that bid ₹7,000 crore.

MCGM’s Mumbai Coastal Road Project aims to decongest traffic in the city by connecting Marine Drive in the south to Kandivili in the north. The road project comprises tunnels, roads on reclaimed land, roads on stilts and bridges with interchanges planned at strategic locations for dispersal of traffic.

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