Lifestyle

BKC convention centre delay: RIL owes government Rs 1,369 crores

[ecis2016.org] The construction of a convention-cum-exhibition centre in Bandra-Kurla Complex in Mumbai remains incomplete and the developer, Reliance Industries Ltd has defaulted on payment of fine and additional surcharge of Rs 1,369.90 crores, the Maharashtra government has revealed

The Maharashtra government, on July 25, 2017, informed that Reliance Industries Ltd (RIL) has defaulted on the payment of fine and additional surcharge of Rs 1,369.90 crores, over the delay in construction of a convention-cum-exhibition centre in Mumbai. The government gave this information in the state legislative assembly, in a written reply to the question asked by the leader of the opposition, Radhakrishna Vikhe Patil and some other MLAs.

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In response to their query about the outstanding payment of Mukesh Ambani-led RIL, the government said, “The Mumbai Metropolitan Region Development Authority (MMRDA) had handed over plot number C-64 (in Bandra-Kurla Complex) to build a world-class convention-cum-exhibition centre on September 1, 2006. It was decided that its construction should be over within four years. Accordingly, the construction should have been completed by August 31, 2010. However, it did not happen,” the reply said.

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The state further said that the construction on the same plot is ‘still incomplete’. The additional surcharge plus fine amount, put together as on July 15, 2017, is Rs 1,369.90 crores, it said. When the question was asked, about what steps the state government had taken to recover the amount, the government said necessary action was being taken by the MMRDA.

Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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