Machilipatnam port project under Andhra Government scanner |
By e4p Correspondent, Tuesday, August 11, 2009, 14:56 Hrs [IST] |  |
0 Remark(s)
|
|
Category: Ports | Tags: machilipatnam port project, hyderabad metro rail, andhra pradesh government project | Share:  |
|
The Andhra Pradesh Government is likely to scrutinise Maytas Infra-led consortium's Rs 1,600 crore Machilipatnam port project due to delay in achieving financial closure.
The Maytas consortium was to achieve the financial closure by 21 April 2009 for the proposed project which it had bagged in 2008. Work on the project is yet to begin.
Earlier, the company's Rs 12,200 crore Hyderabad Metro Rail contract has been cancelled for failing to achieve financial closure in spite of extension of deadline.
Source : ProjectsToday
|
| |
|