Despite the 20 per cent viability gap funding offered by the government, no private player is ready to bid for the 22-km trans-harbour sea link road project connecting New Mumbai to Sewri. This is because infrastructure developers feel that the Rs 10,000-crore project is unviable as it involves high finance costs and lack of liquidity
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It's not a bridge – it's a gamechanger
Mumbai Metropolitan Region Development Authority (MMRDA) recently issued Request for Quotation (RFQ) for the much-awaited trans-harbour link from Mumbai's Sewri and Nhava and Jawaharlal Nehru Ports, with further linkages to other ports.