Minister for Major Irrigation P. Anil Kumar Yadav on Tuesday said that the government has been able to save ₹780 crore to the exchequer by adopting the reverse tendering process in the finalisation of bids for the Polavaram project.
Addressing a press conference at the YSRCP central office at Tadepalli, Mr. Yadav said: We are happy to announce that Megha Engineering and Infrastructure Limited (MEIL) has quoted 12 % less than the actual estimated cost of ₹4,359.12 crore. The works include completion of head water works and the hydro power plant. This decision is the culmination of the hard work by Chief Minister Y.S Jagan Mohan Reddy who has been advocating the reverse tendering process to save money.”
‘TDP charge baseless’
The State government was committed to completing Polavaram within two years, he said and challenged the Telugu Desam Party whether it would bow out of politics if the project became a reality.
Rejecting TDP allegation that finalisation of the single bidder had created doubts in the minds of people, the Irrigation Minister said under GO 67 which says that if the final bid amount is lower than the actual project estimate, the bid by a single firm could be taken into consideration.
“All the contracts have either been awarded on nomination basis or to those who quoted in excess, but we have chosen to adopt the reverse tendering process,’’ said Mr. Yadav.
He said Polavaram had been a dream project of former Chief Minister Y.S Rajasekhara Reddy and it was befitting that the project should be completed during Mr. Jagan Mohan Reddy’s time.