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.