Chhatrapati Shivaji Maharaj’s upcoming statue in Arabian Sea off Mumbai coast will cost the Maharashtra exchequer 3643.78 crore INR and construction of all aspects of the project will be over by 2022-23, the government said.
The state cabinet on November 1, 2018 had extended administrative approval to the project report and sanction to total expenditure of 3700.84 crore INR. As per the official sanction given by the state government, the cost is now down by 56.70 crore INR, stated a government order (GR) issued last week.
The Maharashtra government on December 19, 2018 extended administrative approval to the total expenditure of 3643.78 crore INR over five years, which includes survey and investigation of site to implementation of security measures by the police.
The construction of the statue would cost 2581 crore INR, while 309.72 crore INR would be the GST on the amount. 236 crore INR would be spent on security infrastructure, 45 crore INR for permanent water and electricity supply at the completed statue, the GR said.
It stated that 1 crore INR is allocated for formation of SPV which will maintain and do repair work while 2 crore INR will be spent on study tours for the project.
“Amounts of 112.68 crore INR, 56.34 crore INR and 140.85 crore INR are allocated for contingency fund, computerisation, and centage charges, respectively. Project management consultant would be paid 82.46 crore INR while 76.73 crore INR is for construction of jetty”, it stated.
According to the timetable set by the government, the statue work and construction of a sea wall will begin in 2019-20.
“Construction of balance pedestal building works, architectural works, electrical works, mechanical works, construction of Entrance Forecourt will take place in 2020-21”, it said.
Since 2013, a total of 36.86 crore INR have been spent on the project which is yet to take-off, which also includes 8 crore INR spent on stone-laying ceremony conducted by the Public Works Department in presence of Prime Minister Narendra Modi in 2016.