Begin typing your search above and press return to search.
Who Will Bear Rs 200 Crore Burden?
By: Tupaki Desk | 1 Feb 2018 5:19 AM GMT
As TDP MP Rayapati Family-owned Transstroy Company was unable to complete Polavaram main works for the original rates, Union Minister Nitin Gadkari sanctioned the contract of Spillway Concrete and Spillway Channel to Navayuga Company.
Although Navayuga agreed to complete the works for old prices, There is a twist here. If the workload increases, Additional amount would be paid as per old rates.
Initially, AP Government projected the cost escalation could be Rs 1,500 crore. But now, The Ruling Party claims the burden is just Rs 200 crore and presents the reduction as it's achievement. Who will bear this extra burden - Centre or State?
Nitin Gadkari had earlier informed Centre willn't be taking responsibility for cost escalation of Polavaram Project. Which means, State Exchequer might have to take care of the expenses. This isn't gonna help AP which is already in a crisis in any way.
Although Navayuga agreed to complete the works for old prices, There is a twist here. If the workload increases, Additional amount would be paid as per old rates.
Initially, AP Government projected the cost escalation could be Rs 1,500 crore. But now, The Ruling Party claims the burden is just Rs 200 crore and presents the reduction as it's achievement. Who will bear this extra burden - Centre or State?
Nitin Gadkari had earlier informed Centre willn't be taking responsibility for cost escalation of Polavaram Project. Which means, State Exchequer might have to take care of the expenses. This isn't gonna help AP which is already in a crisis in any way.
