Home / Mumbai / Mumbai News / Article /
Mumbai: CAG finds serious irregularities in CIDCO projects
Updated On: 05 March, 2020 07:45 AM IST | Mumbai | Dharmendra Jore
CAG reviews infrastructure projects, including three major ones, accuses CIDCO of not adhering to plan
Incorporated in 1970 as a state-owned company, the CIDCO undertakes developmental works, provides social and physical infrastructure, mainly in Navi Mumbai and adjoining areas. File pic
The Comptroller and Auditor General (CAG) in its 2018 report has cited serious strictures against the City and Industrial Development Corporation (CIDCO), the infrastructure planning and executing agency for Navi Mumbai. The report was tabled by Finance Minister Ajit Pawar on Wednesday.
In its report, CAG has accused CIDCO of inadequate planning, not carrying out proper surveys and feasibility study, failing to make realistic estimates prior to tendering the works and giving works to inexperienced contractors, causing huge losses.
How do you like the new new mid-day.com experience? Share your feedback and help us improve.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT