In a first, the town planning authority MMRDA on Friday terminated the contract with Larsen & Toubro-Scomi Engineering, the operator of the nation’s first monorail network in the megapolis, following the failure to meet contractual obligations and also decided to en-cash the Rs 200-crore bank guarantee.
The L&T consortium won the Rs 2,460-crore contract in 2009 to build and operate a 19.5-km monorail network on the Chembur-Wadala-Jacob Circle corridor connecting the eastern periphery of the island city to the central parts, until 2029. The first phase of the line stretching 8.9 km connecting Chembur with Wadala was commissioned in February 2014.
The Mumbai Metropolitan Region Development Authority (MMRDA) has also decided to take over the project and operate and maintain it and also encash the Rs 200-crore bank guarantee from the operator. Read More
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