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MC updates Centre on 24x7 UT water project
MC updates Centre on 24x7 UT water project

Time of India

time4 days ago

  • Business
  • Time of India

MC updates Centre on 24x7 UT water project

1 2 Chandigarh: The municipal corporation on Thursday provided a detailed briefing to the ministry of finance and Agence Française de Développement (AFD), a French development agency, regarding the current status of the 24x7 water supply project in the city. The session, led by the municipal commissioner, focused on the project's implementation progress, ongoing works, and the upcoming action plan. During the briefing, officials highlighted that the long-term technical assistance (LTTA) contract commenced in Feb 2024. Also, that the contract for the upgradation of Kajauli water works was awarded in Aug 2024. It was noted that the preparation of the design-build-operate (DBO) tender documents has been delayed since April 2024. This delay is attributed to a complete renewal of the project team and the absence of a dedicated project director since Oct 2024. As a result, decision-making processes have been significantly hindered, leading to substantial delays in project execution. The team also clarified that Kajauli water works will be funded under the AMRUT scheme. Taking into account inflation and exchange rate fluctuations, the current budget is expected to be sufficient for the successful implementation of the project, including the integration of 13 villages, in accordance with the prescribed guidelines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Also, the credit facility agreement (CFA) and grant facility agreement (GFA) between AFD and the department of economic affairs (DEA) were signed in Sep and Nov 2022, respectively. The project agreement between AFD and the MC was finalised in Dec 2022. The meeting, held in New Delhi, also included discussions on similar projects and developments in other states and Union Territories.

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