Date of Post : 24 July, 2017
Kolkata: KMRC (Kolkata Metro Rail Corporation) is evaluating the possible impact of GST (Goods & Services Tax) on the estimated cost of its East-West project in the city, a top company official said.
The estimated project cost of the East-West metro was pegged at Rs 8, 996 crore (Approx US$ 1405.63 Million).
- Managing Director Satish Kumar said,”We are working out the impact of GST on the cost of the project. We already have a meeting with all the agencies. Work contracts issues are complex.”
- After completing the tunnelling work below the river Hooghly, the east-bound tunnel crossed below the the foundation of Brabourne Road flyover & the west-bound tunnel will start its journey by this month-end.
- Satish Kumar said, it was a challenge to continuing with tunnelling work under the “critical buildings” which were constructed not in an “engineered fashion.”
- The corporation took adequate measure so that settlement of soil during tunnelling work can be reduced, he said.
- He said,”We took measures to keep the settlement in built-up area less than 30 mm. Our effort has been to keep on reducing the settlement.”
- The phase-I of the project from Salt Lake Sector V to Phulbagan is expected to be completed by June 2018, while the KMRC is targeting to complete the entire project including the phase-II by December 2020.