Phase 2 of Mumbai coastal road project to cost more

27 Jul 2023 CW Team

It will take an additional Rs 922.92 crore and seven months to complete Phase 2 of the Coastal Road Project, comprising the stretch between Baroda Palace near Haji Ali and the Worli end of Bandra-Worli Sea Link.

BMC Commissioner Iqbal Chahal recently approved the revised estimates submitted by the contractor, Hindustan Construction Company (HCC), which is executing Phase 2 in a joint venture with Hyundai Development Corporation (HDC).

Changes to the plan were necessitated following last year’s agreement between the BMC and the fishing community in Worli. According to the original plan, the coastal road was supposed to be connected with the sea link through an elevated arterial bridge built on monopiles (pillars). However, the fishing community claimed that the gap between the pillars was not adequate for boats.

The community wanted a 200-m gap between the pillars, while the BMC recommended 60 m. After protests by the fishermen, Chief Minister Eknath Shinde intervened and ordered the authorities to increase the gap to 120 m.

Accordingly, HCC and HDC studied the changes and said they would remove ‘Pillar 8’, and keep a 120-metre gap between Pillar 7 and Pillar 9. The contractors also proposed a ‘bow string’ girder bridge, held together through high-tension chords instead of having a base support of pillars.

Infrastructure Transport

26 Jun 2026

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..