CWG Village builder’s Rs 183-cr bank guarantee seized

first_imgA view of the Games VillageThe Delhi Development Authority (DDA) on Wednesday confiscated the bank guarantee of Rs 183 crore given by Commonwealth Games Village builder EMAAR-MGF. WATCH VIDEOEMAAR-MGF also faces legal action by the DDA as penalty for shoddy work done at the Village and for recovery of other expenditure. The action came after the DDA submitted a report to Union Urban Development Minister Jaipal Reddy about the Village. The report said EMAAR-MGF did not meet several project milestones and failed to make payments to government agencies. The report said there were many defects in the construction and these weren’t rectified by the builder. The report was sought by Reddy after complaints from advance teams of other countries about filthy conditions at the Village.  In the letter, Reddy asked the DDA – which functions under the urban development ministry – to file a report, saying that the complaints had dented the image of the authority.  – With inputs from agencieslast_img

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