MSRDC to penalise Reliance Astaldi for delay in sea link project
ROADS & HIGHWAYS

MSRDC to penalise Reliance Astaldi for delay in sea link project

The Maharashtra State Road Development Corporation (MSRDC), disappointed with the reply of Reliance Astaldi JV over the causes for the delay in the Versova Bandra Sea Link Project, has decided to impose a penalty, which could be as high as Rs 3.5 crore per day, on the contractor for its failure to adhere to the project timeline.

MSRDC had issued a show cause notice to the contractor asking for an explanation for the delay in work. The 17.7-km long Bandra-Versova Sea Link project is being constructed by Reliance Astaldi. The contract was given in June 2019 and was to be completed by 2025.

Reliance Astaldi was to achieve 5% of the physical and financial progress by August 31, 2021, as per the terms of the contract. But, MSRDC claimed that the contractor attained only 0.62% of the physical progress and 2.05% of the financial progress despite getting paid Rs 203.26 crore as mobilisation advance.

The corporation claimed that it has already awarded a 250 days extension to the firm due to a change in the location of the casting yard and another extension of 184 days because of the pandemic.

MSRDC officials told the media that the project cost is Rs 7,000 crore, and the fine could be Rs 3.5 crore per day. Sachin Niphade, Deputy Engineer, MSRDC, who is directly supervising the work, told the media that they issued the notice since the work is not happening on time.

Shashikant Sontakke, Chief Engineer, MSRDC, told the media that the contractor might be having reasons for not doing the work. They have issued a notice for not achieving the work, and they will have to pay a penalty.

Image Source


Also read: Expedite work on sea-link projects: Uddhav Thackeray

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Maharashtra State Road Development Corporation (MSRDC), disappointed with the reply of Reliance Astaldi JV over the causes for the delay in the Versova Bandra Sea Link Project, has decided to impose a penalty, which could be as high as Rs 3.5 crore per day, on the contractor for its failure to adhere to the project timeline. MSRDC had issued a show cause notice to the contractor asking for an explanation for the delay in work. The 17.7-km long Bandra-Versova Sea Link project is being constructed by Reliance Astaldi. The contract was given in June 2019 and was to be completed by 2025. Reliance Astaldi was to achieve 5% of the physical and financial progress by August 31, 2021, as per the terms of the contract. But, MSRDC claimed that the contractor attained only 0.62% of the physical progress and 2.05% of the financial progress despite getting paid Rs 203.26 crore as mobilisation advance. The corporation claimed that it has already awarded a 250 days extension to the firm due to a change in the location of the casting yard and another extension of 184 days because of the pandemic. MSRDC officials told the media that the project cost is Rs 7,000 crore, and the fine could be Rs 3.5 crore per day. Sachin Niphade, Deputy Engineer, MSRDC, who is directly supervising the work, told the media that they issued the notice since the work is not happening on time. Shashikant Sontakke, Chief Engineer, MSRDC, told the media that the contractor might be having reasons for not doing the work. They have issued a notice for not achieving the work, and they will have to pay a penalty. Image SourceAlso read: Expedite work on sea-link projects: Uddhav Thackeray

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

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