Sunday, August 11, 2013

After suffering more than Rs 800 cr liabilities, NHAI to seek closure of Port-Maduravoyal elevated corridor project

 
Chennai:
After incurring a loss of over Rs 800 crore due to delay in implementing the Port-Maduravoyal elevated corridor project, National Highways Authority is seeking shelving of Rs 1,815 crore project.
 
NHAI Chief General Manager (Technical), Tamil Nadu and Kerala I G Reddy told Express that he would be sending in a letter in a day or two to NHAI headquarters to shelve the project. “We can’t take the liabilities due to delay in the project,” said Reddy.
 
The project hit a roadblock on March 2012 after the Water Resources Department issued a ‘stop work’ notice saying the alignment of the corridor along the banks of the Cooum had deviated from the original alignment.
 
Now with the project hit by legal wrangles, Reddy feels that the delay is costing NHAI losses worth crores of rupees. We have already asked the consultants to have just a office and a staff in the site. But this too is costing us huge money, said Reddy.
Blaming the state government for the delay in the project, Reddy said that the project was started after getting all the clearances. “We want the liabilities to be taken from the state revenues,” he said. Interestingly, this comes in the wake of National Highways Authority of India (NHAI) recently submitting an additional affidavit in the Madras High Court stating that the State government is bound to bear all financial expenditure on account of stoppage of the project.
Interestingly, port officials refused to comment stating that they have yet to receive any official communiqué regarding this issue

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