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.
Hindustan Construction Company (HCC), in a JV with Hyundai Development Corporation (HDC), has been awarded a Rs 21.26 billion contract by the Municipal Corporation of Greater Mumbai (MCGM), for design and construction of the Mumbai Coastal Road Project (MCRP), Package-2.
According to a feasibility study, the 29.20-km Mumbai Coastal Road has been planned from the Princess Street flyover to Kandivali with a combination of roads on reclamation, bridges, elevated roads and tunnels along with the construction of a seawall or breakwater in the intertidal zone.
The 35 km Mumbai coastal road project worth Rs Rs 8,000 crore is likely to be put on the fast track and work on the ambitious road project is expected to begin by December next year. The road will run from Nariman Point to Kandivli, and aimed at easing the traffic congestion in western Mumbai.