Consultant Fees for Coastal Road Project Soar to Rs.760 Mn
ROADS & HIGHWAYS

Consultant Fees for Coastal Road Project Soar to Rs.760 Mn

The consultancy fees for Mumbai's coastal road project have escalated significantly, rising from the initial estimates to a staggering ?760 million. Over the past five years, this cost has multiplied four times, raising concerns among stakeholders and the public regarding the project's financial management.

The coastal road project, aimed at easing traffic congestion and enhancing connectivity along Mumbai's western coastline, has been a high-priority infrastructure initiative. Initially, the consultancy fee was pegged at ?170 million, but unforeseen complexities and extended timelines have substantially inflated this figure.

Several factors have contributed to the surge in consultancy fees. The project's technical challenges, including dealing with coastal regulations, environmental clearances, and land acquisition issues, have necessitated additional expertise and extended the consultancy duration. The need for specialised studies, design modifications, and continuous advisory services to navigate these hurdles has further driven up costs.

The Mumbai Metropolitan Region Development Authority (MMRDA) has defended the increased expenditure, citing the critical nature of expert consultation in ensuring the project's successful and timely completion. However, the rising costs have sparked debate among city officials, with some calling for a review of the consultancy agreements and a closer examination of the financial oversight mechanisms in place.

Despite the financial concerns, the coastal road project continues to progress, with significant portions already completed or nearing completion. The project promises to provide substantial long-term benefits by reducing travel time, alleviating traffic congestion, and improving the overall infrastructure of Mumbai.

As the project advances, ensuring cost efficiency and maintaining transparency in expenditures will be crucial. The MMRDA and other authorities involved must balance the need for expert consultation with prudent financial management to deliver the coastal road project within the budget while meeting its intended objectives.

The consultancy fees for Mumbai's coastal road project have escalated significantly, rising from the initial estimates to a staggering ?760 million. Over the past five years, this cost has multiplied four times, raising concerns among stakeholders and the public regarding the project's financial management. The coastal road project, aimed at easing traffic congestion and enhancing connectivity along Mumbai's western coastline, has been a high-priority infrastructure initiative. Initially, the consultancy fee was pegged at ?170 million, but unforeseen complexities and extended timelines have substantially inflated this figure. Several factors have contributed to the surge in consultancy fees. The project's technical challenges, including dealing with coastal regulations, environmental clearances, and land acquisition issues, have necessitated additional expertise and extended the consultancy duration. The need for specialised studies, design modifications, and continuous advisory services to navigate these hurdles has further driven up costs. The Mumbai Metropolitan Region Development Authority (MMRDA) has defended the increased expenditure, citing the critical nature of expert consultation in ensuring the project's successful and timely completion. However, the rising costs have sparked debate among city officials, with some calling for a review of the consultancy agreements and a closer examination of the financial oversight mechanisms in place. Despite the financial concerns, the coastal road project continues to progress, with significant portions already completed or nearing completion. The project promises to provide substantial long-term benefits by reducing travel time, alleviating traffic congestion, and improving the overall infrastructure of Mumbai. As the project advances, ensuring cost efficiency and maintaining transparency in expenditures will be crucial. The MMRDA and other authorities involved must balance the need for expert consultation with prudent financial management to deliver the coastal road project within the budget while meeting its intended objectives.

Next Story
Infrastructure Urban

Hindware Opens Rs 1.7 Billion Plastics Plant In Roorkee

Hindware has inaugurated its third manufacturing facility at Roorkee, Uttarakhand, to produce a broad range of CPVC, UPVC, SWR and PVC pipes and fittings, as well as overhead water storage tanks under the Truflo brand. Built with an investment of about Rs 1.7 billion, the plant opens with an annual capacity of 12,500 tonnes, taking the company’s total capacity—including its existing Sangareddy site—to 80,500 tonnes. Strategically located to serve northern and western India, the new unit is expected to sharpen Truflo’s distribution efficiency while creating roughly 200 direct an..

Next Story
Infrastructure Energy

Hartek Wins Rs 1.38 Billion Substation Deal from POWERGRID

Engineering, procurement, and construction (EPC) firm Hartek Group has secured a contract worth Rs 1.38 billion from state-owned POWERGRID for the development of a 400 kilovolt (kV) substation in Karnataka.In a statement issued on Wednesday, the company said the project will be delivered under the Tariff-Based Competitive Bidding (TBCB) route and will involve the design, engineering, procurement, construction, and commissioning of an Air Insulated Switchgear (AIS) substation.The comprehensive scope includes testing at the manufacturer’s works, supply, unloading, storage, erection, and commis..

Next Story
Infrastructure Energy

SJVN Signs Power Supply Deals for 1.5 GW Green Projects

State-run SJVN Ltd has signed multiple power purchase agreements to supply over 1,492 MW of renewable energy from its hydroelectric projects in Nepal and Himachal Pradesh, marking a major step in India’s clean energy transition.The company signed a Power Sale Agreement (PSA) with Uttar Pradesh Power Corporation Ltd (UPPCL) for the supply of electricity from its 900 MW Arun-III Hydro Electric Project in Nepal. The cross-border project is being developed in Sankhuwasabha district by SJVN’s wholly owned subsidiary, SJVN Arun-3 Power Development Company (SAPDC), and is expected to be commi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?