The Indian Railways, on Friday, terminated a ₹471 crore contract with Chinese firm due to “poor progress”, in regards to which the Chinese firm has moved to the Delhi High Court against Indian Railways.
It asked the court to prevent Dedicated Freight Corridor Corporation of India (DFCCIL) from encashing its bank guarantee. The Chinese firm had completed only 20 percent work in four years.
417 kms section of the corridor between Kanpur and Mughalsarai was to be done by the Chinese firm.
“We have terminated the contract of the Chinese firm due to poor progress which led to immense delay in our work. We are yet to receive the NOC from them (world bank), but we have conveyed to them (world bank) that we are terminating the contract and will fund this works on our own,” Mr Sachan said.