Lifestyle

CPWD endorses additional Rs 231 crores for Signature Bridge construction

[ecis2016.org] The construction of the much-awaited Signature Bridge on the Yamuna, is likely to pick up pace as the Central Public Works Department has endorsed an additional estimate of around Rs 231 crores for the project

The Central Public Works Department (CPWD) has endorsed an additional estimate of around Rs 231 crores of the Delhi Tourism and Transportation Development Corporation (DTTDC), to complete the construction of the Signature Bridge on the Yamuna, an official has said. The PWD had sought the CPWD’s expert opinion, after the DTTDC had submitted a revised estimate of Rs 1,575 crores.

You are reading: CPWD endorses additional Rs 231 crores for Signature Bridge construction

Read also : Merlin Group launches ‘The Fourth’ in Kolkata’s Salt Lake area

Of the revised estimate, the Delhi government has released Rs 1,344 crores for the project that has witnessed cost escalation several times, since its construction started. The official, who is privy to information related to the project, said that out of the Rs 231 crores, the Delhi government’s PWD had already given Rs 36 crores to the DTTDC but it had not released the amount to the contractor, in view of the PWD seeking the CPWD’s ‘expert opinion’.

Last week, the Delhi High Court pulled up the PWD and the DTTDC for ‘quibbling over’ the amount to be paid for construction of the long overdue Signature Bridge. The court also gave them the last opportunity, to ensure that the project is completed without any increase in cost. The bridge, once completed, will share the burden of vehicular traffic, currently being borne by the Wazirabad Bridge, used to commute to and from Delhi and Ghaziabad. The bridge will connect the Outer Ring Road on the western bank with the Wazirabad Road on the eastern side of the Yamuna.

“The PWD had objected to the revised estimate of Rs 1,575 crores, as submitted by the DTTDC, to complete the construction work of the Signature Bridge. Thereafter, the PWD sought the expert opinion of the CPWD, which has now endorsed the revised estimate of the DTTDC to complete the project,” a senior official said. He said the issue of the revised estimate of the bridge will be sent to the Expenditure Finance Committee (EFC) of the Delhi government and then, the cabinet, chaired by chief minister Arvind Kejriwal, will take a final decision on it.

Read also : All about Ind AS 105 for non-current assets held for sale and discontinued operations

[ecis2016.org] CPWD to monitor projects, works through web-based software

Announced in 2004, the project received a nod from the Delhi cabinet in 2007 and it was initially expected to be completed at a modified estimate of Rs 1,131 crores, before the Commonwealth Games, which were held in October, 2010. The bridge had obtained environmental clearance in 2011 and was set to be completed by December 2013. The date of completing the project was pushed to June 2016 and then to July 2017, which was further pushed to December 2017.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button