Chhatrapati Shivaji Statue In Sea To Cost Maharashtra Exchequer Rs 3643.78 Cr

Chhatrapati Shivaji Maharaj’s upcoming statue in Arabian sea off Mumbai coast will cost the Maharashtra exchequer Rs 3643.78 crore and construction of all aspects of the project will be over by 2022-23, the government said. The state cabinet on November 1, 2018 had extended administrative approval to the project report and sanction to total expenditure of Rs 3700.84 crore. As per the official sanction given by the state government, the cost is now down by Rs 56.70 crore, stated a government order (GR) issued last week.

The Maharashtra government on December 19, extended administrative approval to the total expenditure of Rs 3643.78 crore over five years, which includes survey and investigation of site to implementation of security measures by the police. The construction of the statue would cost Rs 2581 crore, while Rs 309.72 crore would be the GST on the amount.

Rs 236 crore would be spent on security infrastructure, Rs 45 crore for permanent water and electricity supply at the completed statue, the GR said. It stated that Rs 1 crore is allocated for formation of SPV which will maintain and do repair work while Rs two crore will be spent on study tours for the project.