   
Nippu
Side Hero Username: Nippu
Post Number: 6500 Registered: 12-2008 Posted From: 171.159.192.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, July 24, 2014 - 08:06 am: |
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http://timesofindia.indiatimes.com/city/hyderabad/Centre-ste ps-in-break-metro-rail-logjam/articleshow/38946722.cms. The MA&UD officials said the CM's insistence of changes in the alignment could lead to L&T invoking the 'force majeure' clause and claim a hefty penalty of approximately Rs 6,000 crore. L&T's contention is that a change in design would result in further delay resulting in escalation of the cost of project which has already gone up from the original Rs 14,132 crore to over Rs.20,000 |