Maha PWD proposes one year contract extension for Shivaji Memorial
Real Estate

Maha PWD proposes one year contract extension for Shivaji Memorial

The Maharashtra Public Works Department (PWD) has proposed an extension of one year for the Chhatrapati Shivaji Maharaj Memorial project work to L&T without cost escalation.

The government will grant the final extension for the project. The extension was stalled in January 2019, and the contractor carried out only the bathymetry and partial geotechnical survey. Except for these the whole construction work is remaining. The work at the project site has not started, and no payment has been made to the contractor.

The PWD had filed a court case against the project, raised by the Comptroller and Auditor General of India's (CAGs) Accountant General regarding the bidding process and the Covid-19 pandemic. The current contract period ended on 18 October.

From 19th October 2018, the PWD signed a contract with L&T for 36 months. However, on 11th January 2019, the Supreme Court restricted the state government from proceeding with the construction work. A stop-work notice was issued by the PWD to the contractors.

Sources told the media that the Maharashtra Vikas Aghadi (MVA) had approached the project. PWD Minister, Ashok Chavan, said that the project would commence after satisfactory closure of the irregularities in the bidding process that were flagged by the CAG and after addressing the environmental department and safety raised in the court.

The CAG noticed that the previous government's decision of reducing the cost of the project by negotiating with the lowest bidder and changing the scope of the work had degraded the bidding process and restricted transparency in the procedure.

The project of 212 meters high includes a 123.2 metres equestrian statue standing over an 88.8 metres pedestal is a flagship of the Devendra Fadnavis governance. PM Narendra Modi did its jal pujan in 2016, and the estimated cost of the memorial is Rs 3,600 crore.

Image Source

The Maharashtra Public Works Department (PWD) has proposed an extension of one year for the Chhatrapati Shivaji Maharaj Memorial project work to L&T without cost escalation. The government will grant the final extension for the project. The extension was stalled in January 2019, and the contractor carried out only the bathymetry and partial geotechnical survey. Except for these the whole construction work is remaining. The work at the project site has not started, and no payment has been made to the contractor. The PWD had filed a court case against the project, raised by the Comptroller and Auditor General of India's (CAGs) Accountant General regarding the bidding process and the Covid-19 pandemic. The current contract period ended on 18 October. From 19th October 2018, the PWD signed a contract with L&T for 36 months. However, on 11th January 2019, the Supreme Court restricted the state government from proceeding with the construction work. A stop-work notice was issued by the PWD to the contractors. Sources told the media that the Maharashtra Vikas Aghadi (MVA) had approached the project. PWD Minister, Ashok Chavan, said that the project would commence after satisfactory closure of the irregularities in the bidding process that were flagged by the CAG and after addressing the environmental department and safety raised in the court. The CAG noticed that the previous government's decision of reducing the cost of the project by negotiating with the lowest bidder and changing the scope of the work had degraded the bidding process and restricted transparency in the procedure. The project of 212 meters high includes a 123.2 metres equestrian statue standing over an 88.8 metres pedestal is a flagship of the Devendra Fadnavis governance. PM Narendra Modi did its jal pujan in 2016, and the estimated cost of the memorial is Rs 3,600 crore. Image Source

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?