Brihanmumbai Municipal Corporation (BMC) has approved the issuance of work orders for construction of a cable-stayed flyover between Madh and Versova this week. The project has a timeline of three years.

Construction firm APCO Infratech has been selected as the winning bidder at Rs 2,029 crore for the project. Earlier this week, the civic administration passed a proposal to award the contract at Rs 3,246 crore.

The project cost has increased significantly by 60 percent within these six months, the estimated cost was updated, taking into account the change in market rates and factors, such as labour charges and material costs, were also included in the final cost of the project.

The flyover will be 2.06 km long and will pass above Madh Creek and connect Madh Island with Versova.

In January this year, the BMC obtained the necessary environmental clearances to proceed with the bridge's construction.