Mumbai: BMC panel approves Rs 12,721-crore project, work set to begin in October

“The rise in the cost is due to the various taxes and fees such as water and sewerage tax, supervisory fees of civic body with others. Besides, since this is first such kind of project in the country, the provision of contingency fund has been made. Considering all these and few other factors, the final actual cost of the project is Rs 6,195 crores,” said Ajoy Mehta, civic chief, in a statement before the standing committee.

Mumbai Coastal Road Project is one of the pet projects of Shiv Sena president Uddhav Thackeray who first proposed it in 2013.

As a part of the project, 90 hectare land would be reclaimed that would be available for the citizens as open space. “It would be a toll-free road. Besides, it will have cycling track, public garden, 6.45 km promenade jogging track for citizens,” said Mehta.

He further said that civic body has followed the Central Vigilance Commission’s guidelines and FIDIC guidelines followed at the international level for inviting the tenders for the project. He further said that the 9.98 km stretch has been divided into three stretches —Priyadarshani Park to Baroda Palace, Baroda Palace to Worli end of Sea link and Princess street to Priyadarshani Park —and the work on all three stretches would commence simultaneously.

“The project will boost the public transport system and will help to reduce the travel time. The road is expected to reduce travel time by 70 percent and will save 34 percent fuel every year,” said Mehta adding it would help to reduce the noise and air pollution.

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