Mumbai to get more parking space

ST Correspondent
Wednesday, 3 October 2018

“There will be parking lots at Haji Ali, Amarson’s Park junction and at the Mahalaxmi temple. These parking lots can accommodate about 1,645 vehicles per day. These three parking lots will be underground while public gardens will be developed above them,” said Municipal Commissioner Ajoy Mehta.

Mumbai: The Brihanmumbai Municipal Corporation’s (BMC) standing committee has unanimously approved the new escalated cost of Rs 12,000 crore for the proposed coastal road. The work on this project is likely to start this month.
The BMC will get about 97 lakh sq ft land after reclamation in the sea for the road, out of which 75 lakh sq ft will be used for underground parking along the coastal road.

“There will be parking lots at Haji Ali, Amarson’s Park junction and at the Mahalaxmi temple. These parking lots can accommodate about 1,645 vehicles per day. These three parking lots will be underground while public gardens will be developed above them,” said Municipal Commissioner Ajoy Mehta.

“But the coastal road will create more space for parking along its side,” he said.

“The cost has spiralled due to the fuel rate hike and increase in steel prices in the international market,” Mehta added. In August 2017, the basic project cost was Rs 4,816 cr, which increased to Rs 12,000 cr.

In February 2018, the cost increased to Rs 6,852 while in September 2018, it went further up to Rs 8,679 (basic cost). After negotiations, the cost was whittled down to Rs 8,429 for securing the final approval. Out of the total project, cost of Rs 12,000 cr, Rs 4,302 cr will be spent on payment of various types of charges, including Rs 1,700 cr on government taxes.
 
The BMC plans to construct a 10 km stretch of the coastal road connecting Marine Drive to the Worli end of the Bandra-Worli Sea Link. The coastal road will be underground between Princess Street flyover at Marine Lines to Priyadarshini Park.

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