The Eknath Shinde-Devendra Fadnavis government in Maharashtra is set to approve an increase in the cost of the Colaba-Bandra-SEEPZ Metro 3 project to Rs33,405.82 crore from Rs23,136 crore, a rise of Rs10,269.82 crore or about 44%.
The state cabinet at its next meeting slated for Wednesday is expected to formally approve the proposal.
Several reasons are being cited for the increase, including the time taken in excavation owing to the presence of basalt rock, adoption of bottom-up construction technology for want of space, additional cost incurred on account of rocky layers and the need to dispose of them, and the need to erect temporary steel decks for road traffic to allow construction of underground stations as many of them are in congested areas.
This story is from the August 08, 2022 edition of The Free Press Journal.
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This story is from the August 08, 2022 edition of The Free Press Journal.
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