The Maharashtra government today accorded administrative approval to the Versova-Bandra sea link (VBSL) project, eight years after the state cabinet committee on Infrastructure (SCCI) cleared it.
In a Government Resolution, the state has pegged the project cost at around Rs 7,502 crore and its length at about 17.17 km.
The SCCI had cleared the project on August 18, 2009.
However, it took another four years, for the government to get the Coastal Regulation Zone (CRZ) and environment clearance from the Centre, which was given in January 2013, an official said.
In extending the area in length, the government has approved the design plan at a height of 900 metres from the coastline, states the GR.
The main four by four lane bridge of VBSL will be 9.60 km. The cable stayed bridge will be 0.30 km long and the Balance Cantilever Bridge will be 0.10 km long.
Besides this, the VBSL will have connectors at Bandra, Otters Club, Juhu Link Road and Versova Link Road. There will be toll plazas at Bandra, Carter Road, Juhu-Koliwada and at Nana-Nani Park, it added.
The existing prevailing toll rates shall apply to the VBSL and the concession period shall be up to 2052.
In case there is a change in the toll tax policy in the future, the concession period will be revived in line with the toll tax policy prevailing then, it said.
The GR states that the Maharashtra State Road Development Corporation (MSRDC) shall appoint two separate contractors for toll collection and repairs and maintenance of VBSL.
The government has also approved the MSRDC to set up a Special Purpose Vehicle (SPV) to raise loans.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.