Ejipura flyover: BBMP opens escrow account to prevent diversion of funds - News Summed Up

Ejipura flyover: BBMP opens escrow account to prevent diversion of funds


Original contractor directed to complete pending workIt appears that work on the elevated corridor at Koramangala’s Sony World Junction, connecting Ejipura and Kendriya Sadan, will be taken up again. Bruhat Bengaluru Mahanagara Palike (BBMP) has directed the contractor Simplex Infrastructure Ltd. to complete the work as soon as possible. An official said that to ensure that funds released for the ₹203-crore elevated corridor project are not diverted by the company towards servicing other financial liabilities, the civic body had opened an escrow account. Work on the 2.5-km-long elevated corridor had stalled for more than six months. Of 81 pillars for the elevated corridor, only 67 have been constructed.


Source: The Hindu July 31, 2021 04:29 UTC



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