AGL 24.24 Increased By ▲ 0.77 (3.28%)
AIRLINK 107.70 Increased By ▲ 1.59 (1.5%)
BOP 5.12 Decreased By ▼ -0.05 (-0.97%)
CNERGY 3.63 Decreased By ▼ -0.03 (-0.82%)
DCL 7.32 Decreased By ▼ -0.48 (-6.15%)
DFML 42.10 Decreased By ▼ -2.09 (-4.73%)
DGKC 88.80 Increased By ▲ 0.30 (0.34%)
FCCL 21.75 No Change ▼ 0.00 (0%)
FFBL 41.85 Decreased By ▼ -0.67 (-1.58%)
FFL 8.61 Decreased By ▼ -0.14 (-1.6%)
HUBC 148.75 Increased By ▲ 0.95 (0.64%)
HUMNL 10.14 Decreased By ▼ -0.11 (-1.07%)
KEL 4.28 Decreased By ▼ -0.06 (-1.38%)
KOSM 3.59 Decreased By ▼ -0.20 (-5.28%)
MLCF 36.20 Decreased By ▼ -0.20 (-0.55%)
NBP 47.75 Decreased By ▼ -1.55 (-3.14%)
OGDC 129.10 Decreased By ▼ -1.75 (-1.34%)
PAEL 25.75 Decreased By ▼ -0.20 (-0.77%)
PIBTL 6.00 Decreased By ▼ -0.05 (-0.83%)
PPL 113.65 Decreased By ▼ -0.90 (-0.79%)
PRL 22.30 Decreased By ▼ -0.30 (-1.33%)
PTC 12.10 Decreased By ▼ -0.27 (-2.18%)
SEARL 54.98 Decreased By ▼ -0.72 (-1.29%)
TELE 7.11 Decreased By ▼ -0.14 (-1.93%)
TOMCL 37.11 Increased By ▲ 0.71 (1.95%)
TPLP 7.76 Decreased By ▼ -0.19 (-2.39%)
TREET 15.00 Decreased By ▼ -0.29 (-1.9%)
TRG 55.54 Decreased By ▼ -1.16 (-2.05%)
UNITY 31.20 Decreased By ▼ -0.65 (-2.04%)
WTL 1.15 Decreased By ▼ -0.02 (-1.71%)
BR100 8,248 Decreased By -46.7 (-0.56%)
BR30 25,878 Decreased By -223.8 (-0.86%)
KSE100 78,030 Decreased By -439.8 (-0.56%)
KSE30 25,084 Decreased By -114.2 (-0.45%)

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.