logo
#

Latest news with #FiveHInsaat

Irregularities surface in key water project
Irregularities surface in key water project

Express Tribune

time27-03-2025

  • Business
  • Express Tribune

Irregularities surface in key water project

The Punjab chief minister's inspection team has identified irregularities in the Asian Development Bank-funded Rawalpindi Water Supply Dream Project One, particularly in Lots 2 and 3, which have a contract value of Rs20.40 billion. In response, Punjab Chief Minister Maryam Nawaz has instructed officials to complete documentation and refer the matter to the project's steering committee for a decision within three weeks. Additionally, the chief minister has directed that all foreign-funded projects undergo a review every three months. The chief secretary has been tasked with identifying responsible officers and taking necessary action against them. According to sources, the Chahan Dam Water Supply Project's Lot 2 and Lot 3, worth Rs20.40 billion, was initially awarded to the Turkish company Five H Insaat in a joint venture with the Pakistani firm Qasim & Co. However, contrary to the successful bidding process, the contract was exclusively awarded to the Turkish firm, prompting Qasim & Co to challenge the decision in court. Upon bringing the matter to the notice of Chief Minister Maryam Nawaz, she deemed the decision to be lacking transparency and ordered a fact-finding investigation by the chief minister's inspection team within seven days. The team, led by Chairman Salman Ejaz and members Ahsan Waheed and Ghulam Abbas Warraich, conducted an inquiry and confirmed irregularities in the contract award process. The findings revealed that due process was not followed, as the project's steering committee failed to conduct quarterly reviews, which is a requirement for foreign-funded initiatives. Now, the Planning & Development Wing Punjab will assess the matter under the steering committee's leadership and decide within three weeks whether to uphold or cancel the contract. If the awarded contract is revoked, a new bidding process will be initiated. It is noteworthy that Lot 1 of Dream Project One—worth Rs. 6.36 billion—was awarded to China Construction Third Engineering in partnership with a Pakistani firm, aiming to supply 12 million gallons per day from Chahan Dam. Meanwhile, Lot 4, valued at Rs. 7.19 billion, was awarded to a joint venture of MS Miracon KBDL and Five H Insaat, focusing on upgrading filtration plants, pumping stations, and old water supply lines from Rawal and Khanpur Dams to ensure 24/7 water supply to the Khayaban-e-Sir Syed area.

WASA 'fails to satisfy' CM inspection team
WASA 'fails to satisfy' CM inspection team

Express Tribune

time02-03-2025

  • Business
  • Express Tribune

WASA 'fails to satisfy' CM inspection team

Rawalpindi Water and Sanitation Agency (WASA) Managing Director Muhammad Saleem Ashraf and Deputy Managing Director Zeeshan Shaukat Gondal appeared before the Punjab Chief Minister's Inspection Team in Lahore to explain alleged irregularities in the awarding of the Asian Development Bank (ADB)-funded Chahan Dam Water Supply project contract. However, sources said the officials failed to satisfy the inspection team, and a final report will soon be submitted to Punjab Chief Minister Maryam Nawaz. They said the contract for Lot 2 and Lot 3 of the Chahan Dam Water Supply Project, valued at Rs20.4 billion, was awarded solely to the Turkish company Five H Insaat, despite a successful joint bid by Five H Insaat and the Pakistani company Qasim & Co. In response, Qasim & Co. challenged the decision in court, prompting the matter to be brought to CM Maryam Nawaz's attention. Concerned over transparency violations, she ordered a fact-finding inquiry by CMIT, directing the team to submit a report within seven days. Following the directive, Chief Minister's Inspection Team Chairman Salman Ijaz, along with members Ahsan Waheed, Ghulam Abbas Warraich, and an engineering expert, initiated the investigation. WASA MD Muhammad Saleem Ashraf and DMD Zeeshan Shaukat Gondal were summoned to Lahore with all relevant records. Sources reveal that during the initial inquiry, both officials failed to provide satisfactory answers to the team's questions, leaving the inspection team unconvinced. The investigation is examining all aspects of the case, particularly why a contract worth Rs20.4 billion was awarded in violation of transparency laws and regulations and whether it was done under pressure or on someone's instructions. The fact-finding report will be presented to CM Maryam Nawaz, who will decide on any action against those responsible.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store