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EC Stays Rs 4,000 Cr Office Cum Commercial SchemeBy himanshu, Section Infrastructure
The Election Commission has stayed the implementation of Noida Authority office cum commercial scheme. The Noida Authority has been directed not to announce or implement any scheme offering financial concessions.
The Noida Authority had sought permission from the EC in its letter dated February 22, about office cum commercial scheme worth Rs 4,000 crore. The election commission, in its orders on the subject, has banned the implementation of the scheme due to the ensuing Assembly elections. Noida Authority had launched an office cum commercial scheme in Sectors 94 and 124 on the Delhi-Noida entry point, but almost simultaneously the dates for UP Vidhan Sabha elections were announced by the EC. Noida Authority had sought advice from the commission about the fate of the scheme. Dy CEO Ravinder Naik has instructed all departmental heads not to take any action on the scheme and ensure that no financial benefit is passed on to anybody. This scheme involved three plots of 30 acre each in Sector-94 and another two plots of 30 acre in Sector-124. Builders were to be allotted these plots under `Two Bid System' and a technical bid followed by a financial bids were to be gone through. Builders were expected to construct office cum commercial space for multi-national companies. In deference to election commission's instructions, brochures to banks and builders are not made available by Noida Authority now. SOURCE-(THE TRIBUNE,8/03/07)
EC Stays Rs 4,000 Cr Office Cum Commercial Scheme | 2 comments (2 topical, 0 hidden)
EC Stays Rs 4,000 Cr Office Cum Commercial Scheme | 2 comments (2 topical, 0 hidden)
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