According to residents and activists of the Juhu Vile Parle Development Scheme (JVPD) Association, the government may eventually have “zero” control over the Rs8,250 crore project.
While work is already underway on Mumbai’s second metro running between Charkop to Mankhurd via Bandra, the concession agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and the Reliance Infrastructure-led consortium is now under the scanner.
According to residents and activists of the Juhu Vile Parle Development Scheme (JVPD) Association, the government may eventually have “zero” control over the Rs8,250 crore project.
“Article 4.2 of the agreement provides for damages to be paid only by the government for delay in complying with the conditions precedent. Surprisingly no such corresponding provision has been made for damages to be paid for delay by the Reliance Infrastructure-led consortium. They are not bound by any time frame and there is no obligation or deterrent imposed upon them by way of damages under article 4,” said architects Hemoo Upadhyaya and Nitin Killawala.
The agreement could literally negate the government’s role, they add. “Article 5.4.2 provides that the government would have a right to veto any resolution passed by the board of directors or in a general meeting. However, the government will have no say whatsoever on vital financial and technical matters of the said project, even if the decisions taken in that regard are contrary to public policy and public interest,” argued Killawala.
MMRDA spokesperson Dilip Kawathkar said that the agreement was between the state and Mumbai Metro Transport Private Limited (MMTPL). “Any change will be a policy decision,” he said.
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