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As reported, the Supreme Court has given its approval for Mumbai’s Rs 140 billion coastal road project – which was put on the map to decongest traffic and provide ease of access between the northern and southern parts of the city.
The Bombay High Court recently cancelled the coastal regulation zone (CRZ) clearances granted to the ambitious Rs 140-billion Mumbai Coastal Road Project, reasoning that there was serious lacuna in the decision-making process and lack of proper scientific study. The decision is likely to impact the order book of large construction players such as Larsen & Toubro (L&T) and HCC, who are involved in the construction of the project.
In a most recent update, Maharashtra Chief Minister Devendra Fadnavis has announced the appointment of Praveen Pardeshi as the new Chief of Municipal Corporation of Greater Mumbai (MCGM).
BMC to send 52 engineers to IIT-Bombay to rid Mumbai of potholes
BMC Commissioner Ajoy Mehta orders geological investigation for the project
The plan is expected to generate 8 mn jobs and 1 mn affordable houses
