Home / Mumbai / Mumbai News / Article /
Mumbai: BMC in search for land to fuel mega projects, invites tenders
Updated On: 13 January, 2024 04:52 AM IST | Mumbai | A Correspondent
Three major developments in the pipeline—BMC explores options to secure crucial spaces for construction
Listen to this article :
The calculation indicates that the rent for the casting yard is estimated to be around 1 to 2 per cent of the project cost. File pic
Brihanmumbai Municipal Corporation (BMC) is currently searching for land to establish casting yards for the proposed mega projects. The BMC has invited tenders from landowners willing to provide the necessary land. According to a BMC official, the mega projects encompass areas from Versova to Dahisar, Dahisar to Mira Road, and Mahim to Bandra on the Western Express Highway. The construction of these projects requires a casting yard for manufacturing bridge components. As per the tender conditions, if the contractor uses their land for casting, BMC will compensate them by paying the rent for the land.
The calculation indicates that the rent for the casting yard is estimated to be around 1 to 2 per cent of the project cost. Currently, three mega projects are in the pipeline with a total cost of approximately Rs 18,697 crore. If BMC cannot secure land for a casting yard for the Dahisar Versova link road, it will need to pay around Rs 256 crore as rent. For Dahisar to Mira Road, BMC has allocated Rs 224 crore to cover the rent of the casting yard for a period of three years.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT