BR100 Decreased By (-0.73%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.49%)
KSE30 Decreased By (-0.47%)
BECO 5.77 Increased By ▲ 0.46 (8.66%)
BML 53.00 Increased By ▲ 1.42 (2.75%)
BOP 33.99 Increased By ▲ 0.03 (0.09%)
CNERGY 8.11 Decreased By ▼ -0.20 (-2.41%)
DCL 12.20 Increased By ▲ 0.40 (3.39%)
FCCL 52.83 Decreased By ▼ -0.17 (-0.32%)
FCSC 5.07 Increased By ▲ 0.12 (2.42%)
FFL 17.95 Decreased By ▼ -0.20 (-1.1%)
FNEL 1.29 Decreased By ▼ -0.03 (-2.27%)
HUMNL 10.88 Decreased By ▼ -0.12 (-1.09%)
KEL 8.02 Decreased By ▼ -0.12 (-1.47%)
KOSM 5.52 Decreased By ▼ -0.06 (-1.08%)
MLCF 86.51 Decreased By ▼ -1.37 (-1.56%)
NBP 185.16 Decreased By ▼ -2.53 (-1.35%)
PACE 10.58 Decreased By ▼ -0.23 (-2.13%)
PAEL 39.42 Decreased By ▼ -0.65 (-1.62%)
PIAHCLA 26.22 Decreased By ▼ -0.27 (-1.02%)
PIBTL 16.67 Decreased By ▼ -0.09 (-0.54%)
PPL 228.18 Decreased By ▼ -2.19 (-0.95%)
PRL 34.68 Decreased By ▼ -0.36 (-1.03%)
PTC 65.33 Increased By ▲ 0.82 (1.27%)
SEARL 90.13 Increased By ▲ 0.25 (0.28%)
SSGC 26.60 Decreased By ▼ -0.37 (-1.37%)
TELE 8.28 Decreased By ▼ -0.09 (-1.08%)
THCCL 58.50 Decreased By ▼ -0.58 (-0.98%)
TPLP 8.22 Increased By ▲ 0.04 (0.49%)
TREET 24.53 Decreased By ▼ -0.47 (-1.88%)
TRG 69.71 Decreased By ▼ -0.92 (-1.3%)
WAVES 9.94 Decreased By ▼ -0.07 (-0.7%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)

ISLAMABAD: The National Highways Authority (NHA) Executive Board agreed with the recommendations of the Stage-II committee for payment of Rs2.85 billion to M/s CWE for out-of-court settlement of claims/disputes between the NHA and M/s CWE on Faisalabad–Gojra Motorway M-4 (Section-I) Project.

Official sources revealed that the Board also directed to hold an inquiry through an independent inquiry officer, who has never served in NHA before in the subject issue regarding delay in payments, which has accrued this huge amount to be paid from the public exchequer.

The NHA Executive Board approved the award of consultancy services for “Feasibility Study and Detailed Design for Construction of Lahore-Sahiwal-Bahawalnagar Motorway (295 km approx)” to M/s National Engineering Services Pakistan (Pvt) Ltd (NESPAK) at the agreed rationalised/reduced cost of Rs140million, which includes remuneration/salary cost, direct non-salary cost and all applicable federal, provincial and local taxes including GST, through PPRA Rule 42 (d) (iii) i.e., negotiated tendering.

The board allowed NHA for procurement of “Construction of 04 Lane Zhob Bypass (Length: 10.9 km)” as per PPRA Rule-42 (f) and hold competition amongst State Owned Entities (M/s National Logistic Cell Engineers and M/s Frontier Works Organization) through direct tendering without any advertisement. The Board also allowed to withdraw earlier advertisement regarding procurement of Zhob Bypass.

The NHA Executive Board approved the award of contracts for Operation, Management and Maintenance (OM&M) for “Package-1 i.e. TAF-ATB-T2-2023-24-04 at Havelian–Mansehra-Tahkot Section of CPEC, to the substantially responsive lowest bidder i.e., M/s Evolve Services (Pvt) Ltd M/s Waleed Associates (JV) at monthly quoted bid rate of Rs4.895million till the period ending June 30, 2024.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.