OLMT: LDA directed to pay Rs1 billion
The bench remarked that payment of bills is crucial for construction companies
PHOTO: EXPRESS
ISLAMABAD:
The Supreme Court on Thursday directed the Lahore Development Authority (LDA) to pay a sum of Rs1 billion to construction companies of the Orange Line Metro Train (OLMT) project, Express News reported.
The bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, remarked that payment of bills is crucial for construction companies.
Failure to do so will result in the court imposing a penalty on the development authority.
During the hearing, LDA’s counsel argued that it was essential to measure the progress of the project before any payments are made. The counsel representing the construction companies apprised the bench that the payment had already undergone a 22-month delay.
The counsel added that 97% of the project has been completed.
Published in The Express Tribune, January 4th, 2019.
The Supreme Court on Thursday directed the Lahore Development Authority (LDA) to pay a sum of Rs1 billion to construction companies of the Orange Line Metro Train (OLMT) project, Express News reported.
The bench, headed by Chief Justice of Pakistan Mian Saqib Nisar, remarked that payment of bills is crucial for construction companies.
Failure to do so will result in the court imposing a penalty on the development authority.
During the hearing, LDA’s counsel argued that it was essential to measure the progress of the project before any payments are made. The counsel representing the construction companies apprised the bench that the payment had already undergone a 22-month delay.
The counsel added that 97% of the project has been completed.
Published in The Express Tribune, January 4th, 2019.