Friday, July 31, 2015

BMC to spend Rs600 cr for coastal road report review : Hindustan Times

MUMBAI: The civic authorities are in the process of appointing a firm to review the draft detailed project report (DPR) on the coastal road, an exercise which will cost them up to Rs600 crore.
While this amounts to 5% of the total cost of the project, the Brihanmumbai Municipal Corporation (BMC) claims this step is necessary to ensure the accuracy of the report. The Rs12,000 crore project will be based on the DPR.
Civic officials said as part of the review, the feasibility of construction methods suggested in the DPR will be checked. They added that the reviewer will also verify the feasibility of constructing two under-sea tunnels as suggested by the report.
The BMC floated expressions of interests for the peer review (third-party audit) on the DPR earlier this month and around 12 companies have responded. The tenders are expected to be floated within a fortnight.
A senior official, on condition of anonymity, said, “We do not have a detailed report on the under-sea tunnels. By appointing a firm to review the DPR, we hope to carry out an undersea study that will give us an idea about building tunnels in the sea. This process will cost around Rs600 crore, which is 5% of the total project cost.”
At present, the deadline for the suggestions and objections on the draft DPR has been extended to August 27. BMC sources said the tender conditions have been made stringent and only companies that have expertise on international projects (excluding Indian projects) will be applicable for the peer review.
Another official, on request of anonymity, said, “Most of the companies that are interested in reviewing the DPR are international companies have studied and designed foreign projects. Tenders will be floated after which standing committee will appoint the lowest bidder. The entire process will take a one month’s time.”


Sanjay Mukherjee, additional municipal commissioner in-charge of this project, said, “Around 12 companies have so far expressed interest in peer reviewing the draft DPR on the coastal road project.”

1 comment:

  1. To get extra comfort if you are planning to buy 3 BHK in Dombivli so it could be big financial decision for you as it involve huge amount of money and probably you are going to invest your life time savings in it. But if you are feeling that you are short with budget, so you should know that there are some banks and financial institution which are offering home loan for property in Mumbai at very low interest rate.

    ReplyDelete