State government reported to be considering a coastal road from Worli to Haji Ali and beyond to Nariman Point, instead of extending Sea Link that Ambani-led consortium was to build
Mumbai: Industrialist Anil Ambani on Tuesday met Maharashtra chief minister Prithviraj Chavan, apparently with regard to the extension of the Bandra-Worli Sea Link to Haji Ali, reports PTI.
It has been reported recently that the Maharashtra State Road Development Corporation (MSRDC) is mulling a coastal road from Worli to Haji Ali, and onwards to Nariman Point.
Last year a consortium of Anil Ambani's Reliance and Hyundai won a Rs5,000 crore contract to extend the Sea Link to Haji Ali. But the consortium was unable to tie up funds by the December 2010 deadline and it sought a three-month extension for this.
The coastal road option is now being considered to save cost. According to MSRDC sources, the coastal road option could save the government over Rs3,000 crore.
An official from the chief minister's office said that the one-on-one meeting between Mr Chavan and Mr Ambani took place at the state government's Sahyadri guest house last night and went on for about 30 minutes.
The most severe earthquake (the worst in 80 years) to hit New Zealand could result in insured losses totalling up to $12 billion, says a JP Morgan Chase analyst.