Summary:
more-inMumbai: The Brihanmumbai Municipal Corporation (BMC) has finalised contractors for all three phases of the 9-km Coastal Road from Marine Lines to the Worli end of the Bandra-Worli Sea Link. The third phase that consists of twin tunnels has been awarded to Larsen & Toubro (L&T) at 10% above revised estimates. It has now come to light that the contract has been finalised at 12.35% more than revised estimates. Its initial contract cost was ?4,813 crore, which was revised to ?6,852 crore in February. “We are not against the coastal road but how can they give contracts worth 25% above estimates?.