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India's first monorail in red by Rs.1.59 billion in two years
 India's first monorail here become an unviable venture notching a loss of Rs.159 crore (Rs.1.59 billion) in the past 26 months, besides a cost escalation of Rs.220 crore since the project was conceptualised, an RTI query has revealed on Friday.
 
According to the Mumbai Metropolitan Region Development Authority's reply to the query posed by activist Anil Galgali, the first phase of the monorail between Chembur-Wadala opened on February 2, 2014 and till March 2016, saw 1.21 crore commuters travel on it, generating a revenue of Rs.9.24 crore. 
 
"But, during the same period, the expenditure on operations and maintenance was Rs.168 crore, thereby leading to a loss of Rs.159 crore, or Rs.6.11 crore per month which is borne by MMRDA," said Galgali, citing the authority's answer.
 
Added to this was the project cost escalation to the tune of Rs.220 crores mainly due to poor planning.
 
Initially, the project cost was pegged at Rs.2,460 crore and the MMRDA already paid Rs.2,310 crore to the contractors, Larsen & Toubro and Scomi even before it was completed, Galgali said.
 
"Some 81 percent of the funds have been disbursed, showing undue favours to the contractors," he noted.
 
The project completion deadline itself was extended five times - November 22, 2012, December 31, 2013, June 30, 2014, September 26, 2015 and now the latest August 19, 2016, when the second phase from Jacob Circle to Wadala is expected to be completed.
 
During the past 26 months, there were 10 accidents which led to six deaths and seven injuries, for which the MMRDA shelled out a compensation of Rs.36.50 lakh, recovered penalties of the same amount from the contractors and withheld Rs.50 lakh from their payments.
 
"The monorail is becoming extinct all over the world. But the politicians and bureaucrats have made a mockery of Mumbaikars by planning the monorail through a low-population area, mainly to facilitate some builders' lobbies," alleged Galgali.
 
He demanded an enquiry into the planning of the expensive project which has helped builders and recovering the losses from those concerned to ensure such favouritism does not occur in future projects.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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COMMENTS

Abhijit Joshi

1 year ago

Wait for Mumbai-Ahmadabad Bullet train project. It will suck huge capital to enrich few corporates & will remain unviable showpiece.

Ford India recalls 48,700 EcoSport vehicles
Ford India on Friday said it is recalling around 48,700 EcoSport vehicles to fix potential safety concerns.
 
In a statement, Ford India said it is issuing two voluntary recalls. "The first recall covers approximately 48,000 EcoSport diesel vehicles, made between April 2013 and June 2014, to install a new bundle clip on the fuel and brake lines," the company said.
 
The company is also writing to owners of around 700 EcoSport vehicles made between January 2016 and February 2016, and fitted with a 60/40 rear folding seat.
 
On certain vehicles, the 40 percent rear seat backrest might have been assembled with bolts that do not meet Ford's material specification, potentially causing the bolts to break, the company said.
 
Ford India is asking owners of the affected EcoSport vehicles to contact their local Ford dealer so that the necessary rework can be carried out, free of charge.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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SC imposes Rs.25,000 cost for judicial order's faulty English translation
The Supreme Court on Friday imposed a cost of Rs. 25,000 on a petitioner in a criminal case for filing an erroneous English translation of a judicial order in Hindi which was wrong on grammar, construction of sentences, usage of words and punctuation.
 
Asking the petitioner to deposit the cost within 24 hours with the legal service authority, the vacation bench of Justice Abhay Manohar Sapre and Justice Ashok Bhushan said that the cost would continue to increase in the event of failure to deposit the amount within the stipulated time.
 
The displeased judges said that they had to struggle for one hour to figure out the sense of the order, and that they have never come across an order blended with such grammatical and other mistakes. 
 
The court imposed the cost after lawyer Aishwarya Bhati appearing for petitioner Vardha Ram told the bench that the grammatical error that the court was finding in the high court's order was in fact on account of faulty translation as the original order was in Hindi.
 
Initially, the apex court bench had taken exception to the high court judge passing an order in English which was erroneous on account of grammar, syntax, word usage of words and punctuation and sent the order back to the subordinate court for fresh order.
 
However, the vacation bench changed its order and imposed cost on the petitioner as Bhati admitted to mistake by the "official translator" of the court below.
 
"You should have seen it (translation) yourself," the court told the lawyer and telling her that she should be "sorry".
 
"You should be sorry," the bench said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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