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Noida Airport: A fine of Rs 10 lakh per day for non-completion of work on time

Noida െങ്കിൽ If the construction of the Noida International Airport at Jowar in Uttar Pradesh is not completed on time, the contracting company will have to pay a fine of Rs 10 lakh for each day that passes. The current announcement is that the work will be completed by September 29, 2024.

The contract states that if the contract company does not complete construction within this time, it will be liable to pay 0.1 percent of the bank guarantee for each day of delay. An agreement to this effect has been signed between the contractors Zurich AG and the Government of UP. The company has invested Rs 100 crore as a bank guarantee.

English Summary: Jewar airport builder to pay Rs 10 lakh per day for delay

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