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GSIDC projects suffer due to lack of funds

Margao: Almost all projects under construction by the Goa State Infrastructure Development Corporation (GSIDC) have been delayed due to lack of funds.

GSIDC sources revealed that projects are being inaugurated without adequate funding.

Most projects such as the Rs 41 crore grade separator at Dabolim, Rs 4.5 crore Cortalim market, Rs 19 crore Ravindra Bhavan at Curchorem and Rs 32 crore Seraulim-Colva road works have crossed their expected completion date.

The Seraulim-Colva road was proposed for the BRICS summit. The funding for the project was allotted under the BRICS funds. Barely 50% of the work is complete and residents complain of the poor work quality and the dust pollution along the road.

Interestingly, all project end dates, which were earlier slated to be completed in 2017, have been shown on the GSIDC website as December 2018.

Projects like the Rs 76 crore Keri Bridge and Rs 40 crore Sancoale Kala Bhavan have been abandoned. The page of Sancoale Kala Bhavan has been removed from the GSIDC website. Last year, an additional Rs 20,56,745 has been spent on landscaping works at the Sancoale Kala Bhavan.

According to the GSIDC officials, the only project that is not affected due to lack of funding is the Rs 470 crore Mandovi Bridge because the funding is received from NABARD. The bad news is that the repayment of the loan, amounting to Rs 860 crore, will commence from this month. The entire loan will have to be repaid by the end of June 2027.

When contacted by Herald, GSIDC MD Srinet Kotwale said, “As far as payment is concerned, we have made all payments upto June. So question of delayed payments does not arise”.

In case of grade separator, Kotwale claims that the utility lines of Indian Oil, naphtha, BSNL and all other lines had to be shifted and there was no data available when it was conceptualised, which is why there was a delay.

He said that the Colva road contract was terminated because the contractor did not meet his obligation.In the case of Mandovi bridge, he said that the installment for the month of June has been paid. [H]

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