CAG-PORT 2LAST

"Due to delay in execution of Dhamra port, the "Due to delay in execution of Dhamra port, the government was deprived of revenue share of Rs 99.26 crore," the CAG report said adding concession period of three ports were allowed to be 34 years against the recommended 30 years in Model Concession Agreement (MCA). This apart, contrary to provisions of CA, major partners exited during the lock-in period selling their share to other partners and other companies, the CAG said. Sating that independent engineers were not engaged to oversee drawing and designs as well as quality parameters, the CAG report said financial and operational auditors were also not engaged by the government to validate the gross revenue generated and government's revenue share calculated by the port authorities. Escrow account was not maintained by the developers of Dhamra Port while such provision was not even included in the CA of other ports, the report said. The CAG observed that despite provision in the CA for allowing inspection to government whenever required during construction and operation stages, yet developers of Dhamra Port did not allow joint inspection of the port premises by the government representative and audit. Interestingly, fixation of tariff was left to the developers at Dhamra Port and tariffs fixed were found to be 153 to 799 per cent higher than that prescribed by Tariff Authority for Major Ports (TAMP). There was absolutely no monitoring of the project, it said. PTI AAM SKN NN HKS

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