Breaking


Showing posts with label Gammon. Show all posts
Showing posts with label Gammon. Show all posts

Tuesday, 8 September 2015

22:52

Madras HC allows Chennai Metro Rail to go ahead with retender process

Madras HC allows Chennai Metro Rail to go ahead with retender process

Chennai: The Madras High Court today allowed Chennai Metro Rail Ltd to go ahead with the retender process for the underground tunnel work between Saidapet and Government Estate.

This 1,947-crore project was originally awarded to Gammon. However, CMRL had terminated Gammon in June due to delay in project completion.

Gammon’s Russian partner Mosmetrotroy, which was entrusted with the underground work, abandoned the project abruptly.

Justice K Ravichandrabaabu in his order ‎refused to stay Gammon’s petition to stop the retender process‎.

He asked both parties to go for arbitration proceedings in four weeks. Gammon has already invoked the arbitration, said its counsel.

The judge told CMRL to keep alive the bank guarantee till the arbitration is over.
0
By at No comments:
Labels: , , , ,

Wednesday, 15 July 2015

12:09

Chennai Metro rail fires Gammon, stops tunnelling work

Chennai Metro rail fires Gammon, stops tunnelling work

Chennai (MAS): Underground tunnelling of metro rail along Anna Salai here has halted and is likely to remain so for several months as Chennai Metro Rail has terminated the 2,000crore contract with Gammon India-Mosmetrostroy.

The decision was taken after Gammon India delayed work and couldn’t get its Russian partner Mosmetrostroy to resume work on the last 3km stretch.

This would mean that the metro corridor, which is one year behind schedule and struggling to meet an extended deadline of 2016-end, may not be ready till late 2017. This 23.1km corridor, from Washermenpet to Airport, includes 14.3km underground.

Authorities are planning to float fresh tenders for the remaining work worth 800crore. The process is expected to take three or four months. If everything goes according to Plan B, work is likely to resume in January.

The Gammon-Mosmetrostroy joint venture had bagged contracts to build tunnels and underground stations between Government Estate to Saidapet in February 2011. It could complete only 60% of the work.
0
By at No comments:
Labels: , , , ,