The Maharashtra State Road Development Corporation (MSRDC) has signed the contract agreement with R Infra and its international joint venture partner, the Italian company Astaldi, for the construction of the 17.7 km long Bandra-Versova Sea Link (BVSL). It will be constructed at a cost of around Rs 7,000 crore and including clearances, connectors etc, will cost a total of Rs 11,332.82 crore.

While the authorities are confident that the project will completed within five years from the date of work commencing, a point in the contract states that if it is completed before time, the contractor will get a bonus. For example, if the work is completed six months prior to the deadline, the contractor will get around R350 crore as bonus.