"We are finalising the bids for Metro-7 corridor and the winning bidders will be announced on Monday," Mumbai Metropolitan Region Development Authority (MMRDA) Commissioner U P S Madan told reporters.
Preparatory work for the Rs 4,737-crore project will start soon while the actual civil work, beginning from piling, will start after the monsoon.
The Authority is developing the corridor in three separate 'packages' and the three winning bidders will design and construct the entire corridor and 16 stations in 30 months.
The second package consists of designing and constructing an elevated viaduct and six elevated stations -- Aarey, Dindoshi, Pathan Wadi, Pushpa Park, Bandongri and Mahindra & Mahindra.
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The third package consists of designing and constructing an elevated viaduct and five elevated stations -- Magathane, Devipada, National Park, Ovaripada and Dahisar (E).
Madan also said the final bidder for the Rs 5,566 crore Dahisar to DN Nagar Metro-2 corridor will be declared in the last week of the month.