Chhatrapati Shivaji statue: Finally, Maharashtra government hands over memorial building contract to L&T for Rs 2500 crore

By: | Published: March 3, 2018 5:18 PM

In the first bidding round that took place around two years ago, L&T - the city-based engineering major - had quoted Rs 3,826 crore for the project, which was 1,326 crore more than the cost estimated by the government and therefore was rejected that time.

Chhatrapati Shivaji’s memorial off the Arabian sea got a boost as Maharashtra government finally awarded the contract to build the much-delayed memorial to engineering major Larsen & Toubro (L&T).

Chhatrapati Shivaji’s memorial off the Arabian sea got a boost as Maharashtra government finally awarded the contract to build the much-delayed memorial to engineering major Larsen & Toubro (L&T). L&T has bagged the contract of 210-metre-high statue of the Maratha warrior king Shivaji for Rs 2,500 crore on Thursday. The state had received three bids: from Reliance Infrastructure, Afcons Infrastructure and L&T in the second round of bidding. The Devendra Fadnavis government gave the letter of acceptance to L&T that will build the project at a cost Rs 2,500 crore on an engineering, procurement and construction model.

A release from the state has said, “L&T had qualified on all technical and financial aspects. Though it had originally quoted Rs 3,826 crore in the first round of bidding, after a lot of negotiations, the project was awarded to L&T at Rs 2,500 crore plus GST.” In the first bidding round that took place around two years ago, L&T – the city-based engineering major – had quoted Rs 3,826 crore for the project, which was 1,326 crore more than the cost estimated by the government and therefore was rejected that time.

The project to build the statue as the world’s tallest monument will be built on 6.8 hectares of reclaimed land in the middle of the Arabian Sea off the Malabar Hill in south Mumbai. The state had sought approval from the Maharashtra Coastal Zone Management Authority to increase the height from 192 to 210 metres. In an amazing fact, the project had sought approvals from 10 different states and Central departments in total. As per the report, the government wanted it to be taller than the 208- metre high Spring Temple Buddha statue in China, built on a hill, which was completed in 2008.

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