Summary:
The area development project envisaged strengthening basic infrastructure in old city areas. The cost quoted was very high and it is not affordable for us. The agency which won the bid quoted 60% more than the tender cost. The cost of the area development project, as per the tender, was Rs 318.71 crore. The bidder quoted Rs 509.90 crore.Prakash Thavil, chief executive officer of NMSCDCL, said, “The decision to re-tender both the projects has been taken after consulting chairman Sitaram Kunte..