The Brihanmumbai Municipal Corporation (BMC) recently approved the proposal to construct the bridge over Versova Creek, which will connect Versova and Madh. The cost approved for the part cable-stayed bridge project is R3,246 crore, which includes the cost of construction, three years of maintenance, rent of the casting yard, and price variation due to labour and material costs. The BMC has included almost 24 per cent in the contract for cost variation, which amounts to Rs 550 crore.

According to the proposal passed by the civic administration recently, the estimated cost of constructing the bridge is Rs 2,038 crore. The bridge is 2.06 km long and there will be three sections—of 150 m, 300 m and 150 m—which will be cable-stayed. The cable-stayed portions will have four lanes while the rest of the bridge will have six lanes. The bridge will be able to accommodate vehicles travelling at a speed of 100 kmph.