A penalty of Rs 10 lakh a day will be imposed on the concessionaire building Noida international airport if it exceeds the deadline of September 29, 2024. A day after the airport project was launched by the PM, officials said when the concessionaire, Zurich AG, and the UP government had signed the final agreement, it had been decided the company would be liable to pay 0.1% of the bank guarantee it had deposited every day as liquidated damages if the project breached the deadline.
from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/3p0xS1n
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Friday 26 November 2021
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India News | Latest News Headlines & Live Updates from India - Times of India
Jewar airport builder to pay Rs 10 lakh per day for delay
Jewar airport builder to pay Rs 10 lakh per day for delay
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India News | Latest News Headlines & Live Updates from India - Times of India
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