Skyrocketing Consultant Fees for Mumbai's Coastal Road Project
Mumbai's coastal road project has hit a new obstacle as consultant fees skyrocket to Rs.760 Mn. The project aimed at easing traffic congestion and enhancing connectivity between the city's coastal areas.
Coastal Road ProjectMumbaiConsultant FeesInfrastructure DevelopmentMaharashtra State Road Development CorporationReal Estate MumbaiAug 03, 2024
According to sources, the consultant fees for the project have increased significantly, putting a strain on the already stretched budget. The project, which was initially estimated to cost Rs.15,000 crore, has seen several cost revisions, with the latest estimate pegged at over Rs.20,000 crore.
The consultant fees are just one of the many challenges facing the project. The Maharashtra State Road Development Corporation (MSRDC), the agency responsible for implementing the project, has been struggling to acquire land for the project, with several landowners refusing to give up their properties.
The project has also faced opposition from environmental groups, who have raised concerns about the impact of the project on the city's coastal ecosystem. Despite these challenges, the MSRDC has maintained that the project will be completed on schedule.
Frequently Asked Questions
What is the Mumbai coastal road project?
The Mumbai coastal road project is a 29.2 km-long, eight-lane road that will connect the city's northern and southern coastal areas.
What are the challenges facing the project?
The project has faced several challenges, including delays and cost overruns.
Who is implementing the project?
The Maharashtra State Road Development Corporation (MSRDC) is implementing the project.
What is the estimated cost of the project?
The project was initially estimated to cost Rs.15,000 crore, but the latest estimate is pegged at over Rs.20,000 crore.
What is the expected completion date of the project?
The project is expected to be completed on schedule, despite the challenges facing it.
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