The Brihanmumbai Municipal Corporation (BMC) has finalised a contract worth Rs 18,000 crore for the Versova Dahisar Coastal Road project. The project is set to be completed within the next four years, by 2027. The estimated construction cost will rise to Rs 24,000 crore after including the Goods and Service Tax (GST).

“The BMC has finalised contracts with six companies for this 18.47 km-long project, split into six parts as part of the Mumbai Coastal Road Project,” stated an official. “We’ve selected the companies for the project, and we’ll soon issue a work order.”