Financial Daily from THE HINDU group of publications
Wednesday, Jul 13, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Home Page - Infrastructure
Logistics - Roadways


NHAI identifies 17 non-performing contractors — 8 international cos in the list

Mamuni Das

New Delhi , July 12

HAVING faced flak for delays in project implementation, the National Highways Authority of India (NHAI) has come down heavily on contractors who, it feels, have not been able to perform well.

"We have termed certain contractors as non-performing contractors after having evaluated their projects. Those contractors would not be awarded any NHAI contracts in the future. However, they would be allowed to complete their ongoing projects," said an NHAI official.

The authority has marked 17 contractors as `non-performing contractors' after an internal committee evaluated their performance in implementing the projects awarded to them.

"We had formed an internal committee that evaluated all the projects being implemented by all contractors by taking into account various parameters including quality and delays.

"Those contractors, who were not up to the standard in the implementation of over a third of projects awarded to them, were singled out and the authority decided not to award them any contracts in the future," he explained.

Each of these contractors are working on projects worth several crores.

The list includes both domestic and international contractors. "There are eight international contractors and nine Indian contractors who were found to be `non-performers' by the committee," said the official.

The international contractors were four firms from Malaysia and one each from Russia, Korea, China and Saudi Arabia.

Incidentally, NHAI has also terminated the contracts and seized the bank guarantees of several contractors.

NHAI is responsible for the development, maintenance and management of National Highways.

It is mandated to implement the National Highways Development Project (NHDP) in a time-bound manner through various funding options including from external multilateral agencies.

NHAI is working on strengthening and four laning of high-density corridors including the Golden Quadrilateral that envisages connecting Delhi, Kolkata, Chennai and Mumbai.

It is also involved in the North-South-East-West Corridor that would connect Kashmir to Kanyakumari and Silchar to Porbandar.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Punjab National Bank ICICI BANK

Stories in this Section
No differences with India, Iran on pipeline project: Pak


Industrial production rises 10.8% in May
NHAI identifies 17 non-performing contractors — 8 international cos in the list
Steel producers feel the heat as Chinese banks dishonour LCs
Recovery proceedings on DEPB taxation to be put on hold till August 31
Infosys Q1 net profit up 37 pc — Stock falls 4.12 % as results disappoint market
Rlys now offers e-payment facility to freight users too


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line