Urban development and housing (UDH) minister Rajpal Singh Shekhawat on Friday directed the representatives of Spanish infrastructure company Sanjose to submit a comprehensive plan to construct 47-kilometre-long corridor after seeking consent from the Jaipur Development Authority (JDA) bankers and it's partner firm Supreme.
Spanish infrastructure company Sanjose, which is one of the partners in the joint venture, has proposed to construct the entire corridor on its own after dissolving the partnership with Supreme. "The firm has desired to construct the entire corridor on its own. As its a tripartite agreement, we have asked firm to seek approvals from its other partners," said Shekhawat.
According to sources, once the proposal is submitted, the government would examine it pros and corns. The state government is expected to finalised the proposal regarding the construction of transport corridor in 47-km Ring Road project this month.
Recently, after meeting the companies on October 5 in New Delhi, the bankers submitted two proposals to the state government. An official said that the bankers have proposed to allow Spanish infrastructure company Sanjose, which is one of the partners in the joint venture, to construct the entire corridor. In the second proposal, both the companies Sanjose-Supreme construct the corridor on 50:50 partnership basis.
Presently, the work on 47-kilometre Ring Road, which will connect Ajmer Road to Agra Road, is stalled as the firm is facing paucity of funds. In 2011, the JDA had selected the joint venture of Sanjose-Supreme as the final bidder for the Ring Road project. However, after the company failed to deliver, the state government is exploring possibilities to appoint new firms.