Controversies Surrounding the Project’s Cost and Consultancy Selection
The Musi Riverfront Development Project, a pet project of Telangana Chief Minister A Revanth Reddy, has been shrouded in controversy over its estimated cost of ₹58,000 crore and the selection of a consultancy firm to prepare the project’s master plan.
Unexpected Cancellation of Tenders
The Musi Riverfront Development Corporation (MRDCL) had initially called for tenders in February but unexpectedly canceled them in August after six months. The tenders were reissued, and within a month, the contract to prepare the master plan was awarded to a consortium led by Meinhardt Singapore Pvt Ltd.
Concerns Over Transparency and Fairness
Questions have been raised about the transparency of the tendering process, with concerns that it was deliberately complicated to favor Meinhardt. Allegations have also surfaced regarding political interference that may have influenced the project’s cost escalation from ₹58,000 crore to a staggering ₹1.5 lakh crore.
Controversial Award of Consultancy Contract
The MRDCL had initially received bids from ten companies for the consultancy contract, but only two remained in the final round. The consortium led by Meinhardt Singapore Pvt Ltd was ultimately chosen despite being the higher bidder. The reasons for this decision remain unclear, and doubts have been raised about the fairness of the process.
Involvement of Influential Figures
The involvement of influential figures associated with the Amaravathi Project, including former Singapore Minister Subramaniam Iswaran, has added to the concerns surrounding the Musi Riverfront Development Project. The project’s future now hangs in the balance as questions about its transparency and cost-effectiveness continue to mount.
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