The proposals of 17 bidders will be analysed by a consultant appointed by the civic body.
After the analysis, the financial bids will be opened and the contract will be given to the lowest bidder.
However, if the Union Home Ministry disqualifies any firm, their financial bids will not be opened and will be automatically rejected.
“We have written to the Centre informing about the international firms’ participation and their security clearances,” said Sanjay Mukherjee, additional municipal commissioner, projects.
Talking about the commencement of work, BMC chief Ajoy Mehta said, “The actual construction of the Coastal Road between Marine Drive to Kandivli will begin in May this year, once the tendering process is completed in the next two months.”
The Hajo Ali section of the road. (HT Photo)
“The first phase of Marine Drive to Bandra Worli Sea Link has to be constructed by the BMC, while the construction of the remaining part will be taken care of by MSRDC,” he added.
Meanwhile, the international firms participating in the bid are from China, Italy, Korea, Dutch and Gulf countries.
Amid Sikkim stand off last year, Union Home Ministry had denied security clearance to Chinese consortium China Railway Major Bridge Engineering Group Limited in joint venture (JV) with Gayatri Projects Limited for the construction of Mumbai Trans Harbour Link.
The BMC is currently awaiting reply from the home ministry for its coastal road project.
In the past, Chinese companies have been disqualified by the Union Cabinet Committee on security grounds because of the growing cross border tensions between the two countries.
Chinese companies were also denied security clearance for the construction of Bandra-Worli Sea Link (BWSL).
Ajoy Mehta had ordered the civic officials to finalise the request for proposal (RFP) tender by March 15, 2018.
The coastal road aims to provide connectivity between western suburb and the island city.
The civic body proposed that the work be divided into two parts.
The south phase of the bridge will run from Princess Street flyover till the south end of the Bandra-Worli sea link and the north phase will cover the stretch from the north-end of the sea link to Kandivli.
The coastal road will have eight lanes with two dedicated bus lanes.
The project will require 186 hectares of land to be reclaimed, of which 91 hectares will be developed as green spaces.