Reliance Infrastructure to exit Bandra-Worli Sea Link project

Maharashtra State Road Development Corporation (MSRDC) has decided to terminate the contract with Reliance Infrastructure (RInfra) led consortium, putting an end to the proposed extension of Mumbai's iconic Bandra-Worli Sea Link (BWSL). MSRDC is planning to submit a report to the state government seeking termination of the contract.

Following the two meetings held in July to discuss the cost of termination and the possible exit option, both the companies reached an agreement on the termination of the contract and RInfra will be returned its bank guarantee of Rs 105 crore, as there was a lingering dispute between both the companies over how to take the project forward.