JKERA imposes Rs 1.25 cr penalty on contractor over delay

Image
Press Trust of India Srinagar
Last Updated : Nov 01 2018 | 7:21 PM IST

The Jammu and Kashmir Economic Reconstruction Agency (JKERA) imposed on Thursday apenalty of Rs 1.25 crore on the contracting agency for delay in completing Jehangir Chowk-Rambagh flyover project in the heart of the city centre.

"The contractor has been directed to ensure that the 2nd phase of the flyover from Rambagh to Aloochi Bagh is completed by 31st December 2018 while 3rd phase from Aloochi Bagh to Jehangir Chowk be completed structurally by 15th March 2019 with black topping to be completed before 15th May 2019," an official spokesman said.

The spokesman said the JKERA has also imposed an initial penalty of Rs 12 lakh on account of the "dillydallying tactics" of the contracting agency for grade separator project at TRC Junction here.

He said the grade separator project has also been put on the watch list as the slow progress of works is causing great trouble and inconvenience to the public.

The project, which was started by former chief minister Mufti Mohammad Sayeed in 2015, was to be completed within one year.

"The performance of the construction agency is being monitored on a daily basis and further penalization in accordance with the contract clauses shall be done for any further delays in future, including the option of blacklisting of the firms," the spokesman said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 01 2018 | 7:21 PM IST

Next Story