Cost of Ambedkar memorial in Mumbai increases from Rs 622 crore to Rs709 crore | mumbai news | Hindustan Times
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Cost of Ambedkar memorial in Mumbai increases from Rs 622 crore to Rs709 crore

Mumbai based Shapoorji Pallonji group likely to bag the project

mumbai Updated: Dec 16, 2017 00:28 IST
Tanushree Venkatraman
In 2016, the anticipated cost of the project was Rs500 crore
In 2016, the anticipated cost of the project was Rs500 crore(File Photo)

The Mumbai Metropolitan Regional Development Authority (MMRDA) will now have to spend Rs709 crore from its earlier estimate of Rs622 crore — a rise of 14% — to build the ambitious Ambedkar memorial at Indu Mills in Dadar.

Despite floating tenders twice, the planning authority received only one bidder, Shapoorji Pallonji Group, who had quoted 26% more than the estimated cost.

Officials confirmed that they had been negotiating with the group to bring down the cost in the past two weeks.

The project delays have resulted in cost escalations. In 2016, the anticipated cost for the project was Rs500 crore, which was later revised to Rs550 crore when the bids were floated for the first time. In a year, the project has seen a variation of Rs200 crore.

Dilip Kawathkar, joint projects director of MMRDA, said, “We are not going for another bidding. The final approval for awarding the project will be granted by the executive committee.”

Once approved, the on-ground work is expected to start from next month. On December 6, after paying tributes to Dr Babasaheb Ambedkar on his death anniversary at Chaityabhoomi, chief minister Devendra Fadnavis said the work on the memorial would begin in a month.

The design for the memorial, to be constructed on 12 acres of land at Indu Mills in Dadar, includes a 350-foot statue of Dr Ambedkar, a library, a replica of the historic Chavdar pond in Raigad, a number of viewing points for the memorial and a parking lot.

The memorial will be at stone’s throw from Chaityabhoomi, where Dr Ambedkar was cremated.

The National Textiles Corporation (NTC) officially handed over possession of the Indu Mill land to the state in March.

2017