MUMBAI: The BMC, in three years from 2007-08 to 2009-10 , allowed contractors who recently bagged a major roads contract to increase costs in 17 major projects by an average of 51.5%. The projects, executed and tendered separately , were originally pegged at a total of Rs 292 crore, but the escalations were to the tune of Rs 150.43 crore, boosting the final project costs to Rs 442.43 crore.
An 18project, for a road from Worli Sea Face to Haji Ali, was initially worth Rs 11 crore, but costs escalated by a whopping 627.3%. The Rs 80-crore escalation sent the final project cost to Rs 91 crore.
All the companies that executed these 18 projects are among the nine that recently bagged a major Rs 550-crore tender to build and upgrade 50 km of new roads in the city. TOI has revealed in a series of stories the horrible condition of roads and how the potholes and bad stretches have damaged vehicles and caused injuries. No. of projects: 17 Period: 2007-08 to 2009-10 Original cost: Rs 292cr Overrun: Rs 150cr Avg cost escalation : 51.5% 18th project cost: Rs 11cr Escalation: Rs 80cr, or 627%. Average cost overrun of all 18 projects: 76%. And what do you get for it?
An 18project, for a road from Worli Sea Face to Haji Ali, was initially worth Rs 11 crore, but costs escalated by a whopping 627.3%. The Rs 80-crore escalation sent the final project cost to Rs 91 crore.
All the companies that executed these 18 projects are among the nine that recently bagged a major Rs 550-crore tender to build and upgrade 50 km of new roads in the city. TOI has revealed in a series of stories the horrible condition of roads and how the potholes and bad stretches have damaged vehicles and caused injuries. No. of projects: 17 Period: 2007-08 to 2009-10 Original cost: Rs 292cr Overrun: Rs 150cr Avg cost escalation : 51.5% 18th project cost: Rs 11cr Escalation: Rs 80cr, or 627%. Average cost overrun of all 18 projects: 76%. And what do you get for it?
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