The 'Bhoomi pujan' function will take place after monsoon since the sea is rough during monsoon, an official of General Administration department (GAD) said.
Three consortiums -- Stup fairwood DA, Norr and Pentacle Consultants and Egis India Consulting Engineers Private Ltd -- have been found technically and financially qualified to bid as project management consultants for the Rs 1,900 crore project.
The job profile will to be prepare the master plan and structural design of the project.
Union Ministry of Environment and Forests in December last year had given clearance for the installation of the Chhatrapati Shivaji Memorial Statue in the Arabian Sea off the coast of Mumbai.
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The memorial will come up on a 16 hectare rocky outcrop, 1.5 kms from the Raj Bhavan off Marine Drive.
Planned on the lines of the Statue of Liberty in New York and the Swami Vivekananda Rock Memorial in Kanyakumari, the Chhatrapati Shivaji memorial will be 190 feet tall.
The memorial is expected to cost the exchequer Rs 1,900 crore. The Maharashtra Coastal Zone Management Authority had recommended to MoEF to consider a special dispensation under the Coastal Regulation Zone Notification-2011 for the "proposal to install Chhatrapati Shivaji Maharaj's statue and memorial in the Arabian sea as a permissible activity".
Since the activity involves reclamation and construction, environmental clearance from the Centre was necessary to initiate the project.