Housing minister hopes to sign amended TATA contract next week
09 Sep 2014, 3:31 PM
Mariyath Mohamed
Minister of Housing and Infrastructure Dr Mohamed Muiz has expressed hope that the amended contract with Indian infrastructure giant TATA Housing regarding the construction of two apartment complexes can be signed next week.
“Based on the most recent communication, we estimate that the amended contract will be signed next week, that is if no further reasons for delays come up,” Muiz told local media.
He stated that the company was expected to commence work on the two sites within a period of 45 days after the signing of the contract, and to complete the projects within a year.
The deal – first signed in 2010 – has faced repeated delays after successive governments sought amendments to the original contract.
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