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News Brief | May 2013

Chennai Muncipal corporation may invite fresh tenders for storm water project

It is reported that the Chennai Municipal Corporation may issue fresh tenders for storm water drains project across several areas in the city. The civic body plans to invite fresh tenders as it intends to cancel the ongoing contracts for these projects because of several reasons. Reports indicate that the corporation may terminate the contract for the Adyar watershed region and the region around the central Buckingham canal because of the delay.  

As on January 1, 2013, of a total of 566 projects monitored by the Ministry of Statistics & Programme Implementation, 276 projects were delayed with respect to their original dates of commissioning. This information was given by the Minister of State (Independent Charge) for Statistics and Programme Implementation Srikant Kumar Jena. It may be noted that the ministry monitors Central Sector Infrastructure Projects costing Rs 150 crore and above on time and cost overruns, on the basis of information supplied by the project implementing agencies.

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