Dharavi project may go to Dubai company

Dharavi project may go to Dubai company
07/02/2019 , by , in News/Views

Dubai-based SecLink Group may pip Adani Infra for the Dharavi slum Redevelopment Project (DRP). The officials who opened the bids for the Rs 22,000-crore project last month said that SecLink has quoted a higher investment price of Rs 7,200 crore in comparison to AdaniInfra’sRs 4,529 crore, though the base price was set at Rs 3,150 crore.

To be redeveloped with 80 per cent private stake and 20 per cent contribution from Dharavi Redevelopment Authority, officials said both the firms have cleared technical scrutiny and their names have been sent to a high level committee headed by Chief Secretary DK Jain.

According to a senior official, now it’s for the panel to decide which one will bag the long-pending prestigious venture.

Conceived in 2003, the DRP underwent several failed attempts before being revived in October 2018. The state government’s earlier plan was to divide the sprawling slum into 12 subclusters and redevelop each of them individually.

 

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