Steep cement, steel prices hit Thiruvananthapuram smart city project
Steel

Steep cement, steel prices hit Thiruvananthapuram smart city project

Many infrastructure projects in Thiruvananthapuram under the Smart City project have been slowed down or temporarily halted due to the steep price hike of steel and cement.

The private firms who undertook the work of the smart city project, which included civil components, have communicated to Smart City Thiruvananthapuram Limited (SCTL) for revising the estimated cost.

The steep rise in the price of steel and cement have forced the companies to demand cost escalation from SCTL. Earlier, the price of steel increased by 3,000 to 3,500 per tonne, while the 50 kg sack of cement price increased by Rs 80-100. It has disturbed the estimated cost of the firms which had won bids quoting the earlier market rates for cement and steel.

CEO of SCTL, Vinay Goyal, said that many contractors have asked for increasing the price. SCTL is in discussion with the finance department, asking for a special exemption to smart city works as works need to be carried out in a mission mode. He added that the pace of the project has slowed down.

According to the SCTL officials, cost escalation is not feasible as it would go against the conditions in the tender document. Cost escalation will further lead to delay in projects, and SCTL will be forced to extend the deadline.

The multilevel car parking project (MLCP) work in Palayam and Thampanoor have been affected due to the rising prices of steel and cement. The MLCP work in Thampanoor was awarded for Rs 18.8 crore, and 47 out of 254 piled works have been completed.

The work at Palayam A block was awarded at Rs 30 crore, and the test pile work has started for this project.

The project at Thampanoor includes a G+4 storeyed smart parking system for 22 cars and 400 bikes, along with an electric vehicle (EV) charging system.

The quotation for MLCP at Palayam included the cost of labour, material, tools, equipment, transport, hoisting, setting, fitting, fixing, preparation of drawings etc., for the execution and completion of the project.

Image Source

Also read: JSW Steel raises prices of long, flat products by about Rs 3k per tonne

Many infrastructure projects in Thiruvananthapuram under the Smart City project have been slowed down or temporarily halted due to the steep price hike of steel and cement. The private firms who undertook the work of the smart city project, which included civil components, have communicated to Smart City Thiruvananthapuram Limited (SCTL) for revising the estimated cost. The steep rise in the price of steel and cement have forced the companies to demand cost escalation from SCTL. Earlier, the price of steel increased by 3,000 to 3,500 per tonne, while the 50 kg sack of cement price increased by Rs 80-100. It has disturbed the estimated cost of the firms which had won bids quoting the earlier market rates for cement and steel. CEO of SCTL, Vinay Goyal, said that many contractors have asked for increasing the price. SCTL is in discussion with the finance department, asking for a special exemption to smart city works as works need to be carried out in a mission mode. He added that the pace of the project has slowed down. According to the SCTL officials, cost escalation is not feasible as it would go against the conditions in the tender document. Cost escalation will further lead to delay in projects, and SCTL will be forced to extend the deadline. The multilevel car parking project (MLCP) work in Palayam and Thampanoor have been affected due to the rising prices of steel and cement. The MLCP work in Thampanoor was awarded for Rs 18.8 crore, and 47 out of 254 piled works have been completed. The work at Palayam A block was awarded at Rs 30 crore, and the test pile work has started for this project. The project at Thampanoor includes a G+4 storeyed smart parking system for 22 cars and 400 bikes, along with an electric vehicle (EV) charging system. The quotation for MLCP at Palayam included the cost of labour, material, tools, equipment, transport, hoisting, setting, fitting, fixing, preparation of drawings etc., for the execution and completion of the project. Image Source Also read: JSW Steel raises prices of long, flat products by about Rs 3k per tonne

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000