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MMRDA ends monorail contract with LTSE for failure to meet obligations
Updated On: 15 December, 2018 05:00 PM IST | Mumbai | A Correspondent
A press release stated that MMRDA, as provided in the contract, will encash the bank guarantee given by LTSE amounting to approximately Rs 200crore

MMRDA ended contract over failure to fulfill contractual obligations
The Mumbai Metropolitan Region Development Authority(MMRDA) on Friday has finally acted on the delay in getting the monorail up and running, by terminating the contract with LTSE – the joint venture by Larsen & Toubro Ltd and SCOMI Engineering BHD (LTSE) – for their failure to fulfil contractual obligations.
MMRDA sources told mid day that it was Scomi that was primarily responsible for termination of the contract and not L&T, as it was the civil works contractor that had not met its contractual obligations of completing the work.
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