Cidco holds on to funds, Central Railway threatens to stop work on Belapur-Uran project
MUMBAI: Central Railway has threatened to stop work on the Seawoods-Belapur-Uran double line project as the City and Industrial Development Corporation (Cidco) has not released its share of funds—Rs 78 crore— for 2013-14. The railway board has released its share of Rs 39 crore this year.
A CR official said, "We have completed 20% work on the 27-km-long corridor."
Work on the double line project started in 1997, when the project cost was put at Rs 495.49 crore. It was later revised to 1,412 crore in 2010, but the delay has now resulted in the cost spiralling to over Rs 1,800 crore.
The project aims to connect residents of Jawaharlal Nehru Port Trust (JNPT), Uran, to Mumbai and Thane by railways. In anticipation of the proposed railway line, massive development has taken shape along the route. The project is being implemented on a cost-sharing basis between Cidco and the ministry of railways in the ratio of 67:33. Railway officials said the work progress depended on release of funds from Cidco.
A senior railway official said, "If Cidco releases payments in time, work can be completed in four years."
However, the project is likely to run into another hurdle as Cidco is yet acquire and hand over land required for 2.71-km section of the line to the railways.
MUMBAI: Central Railway has threatened to stop work on the Seawoods-Belapur-Uran double line project as the City and Industrial Development Corporation (Cidco) has not released its share of funds—Rs 78 crore— for 2013-14. The railway board has released its share of Rs 39 crore this year.
A CR official said, "We have completed 20% work on the 27-km-long corridor."
Work on the double line project started in 1997, when the project cost was put at Rs 495.49 crore. It was later revised to 1,412 crore in 2010, but the delay has now resulted in the cost spiralling to over Rs 1,800 crore.
The project aims to connect residents of Jawaharlal Nehru Port Trust (JNPT), Uran, to Mumbai and Thane by railways. In anticipation of the proposed railway line, massive development has taken shape along the route. The project is being implemented on a cost-sharing basis between Cidco and the ministry of railways in the ratio of 67:33. Railway officials said the work progress depended on release of funds from Cidco.
A senior railway official said, "If Cidco releases payments in time, work can be completed in four years."
However, the project is likely to run into another hurdle as Cidco is yet acquire and hand over land required for 2.71-km section of the line to the railways.
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