Thursday, 17 May 2018

Rs 236 crores is the price escalation of Monorail project

India's first Monorail project in Mumbai is facing a price escalation of Rs 236 crores as per information provided to RTI Activist Anil Galgali. The total estimated cost for the project was pegged at RS 2460 crores which included Phase 1 and Phase 2. The already much delayed project is proving to be costlier by the day, thereby burdening the public exchequer.

RTI Activist Anil Galgali had sought information from the MMRDA administration vide his query string 31st January 2018 about the cost expected on the 1st phase and the increased cost. The Public Information Officer Shri Taruvar Bannerjee of the MMRDA informed Galgali that, the total estimated cost of Monorail for Phase 1 &2 was Rs 2460 crores excluding Taxes. As of now the expenses gas been incurred of Rs 2136 crores. The cost escalation for both the phases has been estimated at Rs 236 crores. In the 1st Phase from Chembur to Wadala, is 8.80 km long having 7 monorail station namely Chembur, VN Purav Marg and RC Marg junction, Fertilizer Township, Bharat Petroleum, Mysore Colony, Bhakti Park and Wadala. In the 2 phase falls, Sant Gadge Maharaj Chowk to Wadala, which has 10 stations spanning 11.20 Kms namely, Sant Gadge Maharaj Chowk, Lower Parel, Mint Colony, Ambedkar Nagar, Naigaon, Dadar East, Wadala bridge, Acharya Atre Nagar, Antop Hill and GTB Nagar. 

The escalation cost of Rs 236 crores has received approval from the MMRDA administration committee, Executive committee, and Metropolitan Commissioner as well as the State Government as per the information provided to Anil Galgali. Anil Galgali stated that, the Monorail project was implemented in a wrongful manner due to which the MMRDA has been facing only loses in the project. There should be an enquiry on those involved with this project and action should be taken on them. Also the cost escalation should be recovered from them. 

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