CAG raises red flag over road projects in Rajasthan

JAIPUR: The selection of concessionaire for the execution of road projects in Rajasthan was not fair and transparent, the Comptroller and Auditor General (CAG) has

Published on: Sep 4, 2016, 07:04:14 IST

By HT Correspondent

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JAIPUR: The selection of concessionaire for the execution of road projects in Rajasthan was not fair and transparent, the Comptroller and Auditor General (CAG) has said, flagging the fixing of concession period of 32 years without considering various factors.

The CAG report on economic sector for 2014-15 said that the Mega Highway Projects (MHP) were awarded to Road Infrastructure Development Company of Rajasthan (RIDCOR) on nomination basis without inviting competitive bids from other potential contenders. The government of Rajasthan set up a joint venture with Infrastructure Leasing and Financial Services Limited called RIDCOR on a 50:50 shareholding arrangement.

The road projects were entrusted to RIDCOR in a phased manner without any competition through the empowered committee whose chairperson is chief secretary of Rajasthan, also the chairperson of the Board of Directors of RIDCOR.

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