Media reports indicate that the Maharashtra government considers a proposal to award the Rs 9,360-crore Mumbai Trans Harbor Link project on engineering procurement construction (EPC) model.
The state government is considering EPC model after three failed attempts to award it under build operate-transfer (BOT) route.
According to the EPC approach, the responsibility for investigations, design and construction would be assigned to contractor for a lump sum price determined through competitive bidding.
The state government feels that the construction risk can be transferred to private contractor and also implement the project to specified standards with a fair degree of certainty relating to costs and time under EPC model.
The state government first invited bids in 2005 and then in 2008 for the project, without any breakthrough.