The cost of the most expensive transport infrastructure project planned for the city till date, the Rs 23,136-crore Colaba-Bandra-Seepz Metro Rail, is set to escalate further.
The nine consortia shortlisted for the civil construction of the Metro line, which includes construction of stations and underground tunneling, have all put in bids that are much higher than what the Mumbai Metro Rail Corporation (MMRC), the state entity implementing the project, had estimated. The Colaba-Bandra-Seepz Metro is to be a fully underground line.
The civil work makes up about 60 per cent of the project cost of Rs 23,136 crore, which comes to roughly Rs 13,882 crore. On this, the bidders, on an average, have quoted an amount that is 35 per cent higher, which is likely to take the total project cost to nearly Rs 29,000 crore. More info