BMC Selects RIL To Develop Open Spaces Along Coastal Rd

Nearly a year after the Mumbai Coastal Road was opened to traffic, the Brihanmumbai Municipal Corporation (BMC) has selected Reliance Industries Limited (RIL) to develop 53 hectares of reclaimed open space along the road.

- Sabah Virani

MUMBAI:

The company will take at least three to four months to prepare a plan, following which work on realizing new open spaces along the road from Priyadarshini Park to Worli will commence, said sources in the civic body.

On Thursday, BMC commissioner Bhushan Gagrani signed the letter of intent (LoI) outlining terms of the deal between BMC and RIL.

"Reliance was one of the companies that evinced interest in developing open spaces along the entire stretch of the Coastal Road," said Gagrani.

Another official from the Coastal Road department said RIL was the only firm that met the requirements specified in the call for expressions of interest (EOI).

"It was also the only company that had experience in developing such a large tract of open space," the official said.