Business Daily from THE HINDU group of publications Thursday, Jan 29, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Industry & Economy
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Infrastructure Karnataka to review Maytas projects today The meet will mainly review the two minor airports projects at Shimoga and Gulbarga. Our Bureau Bangalore, Jan. 28 The Karnataka Chief Secretary has called a meeting on Thursday to review a host of infrastructure and other projects involving Maytas Infra Ltd, part of the tainted Satyam group of companies, in the State. This mainly includes the two minor airports at Shimoga and Gulbarga. Maytas, in consortium with Nagarjuna Construction and Vienna International Airport’s arm, VIE India Project Development & Holding, won the bids to develop the two airports last year. Minor airportsSenior officials confirmed the meeting and said the agencies concerned would review the status of the projects and examine if they can be re-tendered. One official said the date for the meeting was fixed soon after the Satyam-Maytas case came into public glare. “We have to examine if the consortium breached the terms of contract and this warrants a re-tendering. We will look at the milestones achieved and the way forward. We also have to consider the legal consequences of cancelling the tenders,” the official said. In the airport projects each involving an initial investment of Rs 50 crore, the two non-Maytas partners stack up 63 per cent in the consortium, the official said. The official added that in a review meeting held on January 13, all the consortium members confirmed their continuation in the project. Late last year, the State partnered with Satyam’s NGO, Emergency Management & Research Institute or EMRI, to provide free emergency medical aid and ambulance service with an emergency phone number, 108. The scheme is called Arogya Kavacha. Metro railThe company was also picked to do construction work for the Bangalore metro rail project; it is also in State-promoted and private road projects. Maytas is also a partner in the NHAI’s flyover project from the city to the traffic-congested IT hub, Electronics City, and that project is not in the State’s purview. More Stories on : Infrastructure | Corporate Governance
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