Chhatrapati Shivaji Maharaj’s upcoming statue in Arabian Sea off Mumbai coast will cost the Maharashtra exchequer Rs 3643.78 crore and construction of all aspects of the project will be over by 2022-23, the government said. The state cabinet on November 1, 2018, had extended administrative approval to the project report and sanction to total expenditure of Rs 3700.84 crore.
As per the official sanction given by the state government, the cost is now down by Rs 56.70 crore, stated a government order (GR) issued last week. The Maharashtra government on December 19, extended administrative approval to the total expenditure of Rs 3643.78 crore over five years, which includes survey and investigation of the site to the implementation of security measures by the police.
The construction of the statue would cost Rs 2581 crore, while Rs 309.72 crore would be the GST on the amount. Rs 236 crore would be spent on security infrastructure, Rs 45 crore for permanent water and electricity supply at the completed statue, the GR said.