In a move aimed at providing relief to contractors and speeding up infrastructure projects in Bengaluru, Karnataka’s Deputy Chief Minister, D.K. Shivakumar, has approved partial payments to contractors who have been facing financial constraints due to delayed payments for their work.
Contractors involved in various government projects in Bengaluru have been grappling with financial challenges, which, in some cases, have led to work stoppages and delays. Recognizing the need to address this issue and ensure the continuity of crucial projects, Deputy Chief Minister D.K. Shivakumar took decisive action.
The Deputy Chief Minister’s approval for partial payments will enable contractors to receive a portion of their pending dues, providing them with some financial relief while work on government projects continues. This decision is expected to alleviate the financial burden on contractors, enabling them to meet their operational costs and pay their workforce.
Delayed payments to contractors have been a persistent issue in the construction and infrastructure sector, affecting project timelines and overall project quality. Deputy Chief Minister D.K. Shivakumar’s intervention is seen as a positive step toward resolving these issues and maintaining the momentum of essential projects in Bengaluru.
In addition to approving partial payments, the Deputy Chief Minister has directed relevant authorities to expedite the process of clearing outstanding dues to contractors. This commitment to prompt payment is expected to foster a more conducive environment for the construction and infrastructure sector in the city.
The move has been welcomed by contractors and industry stakeholders, who have expressed their gratitude to Deputy Chief Minister D.K. Shivakumar for his swift action in addressing their concerns.
As Bengaluru continues to grow and develop, ensuring timely payments to contractors and maintaining the progress of infrastructure projects is crucial for the city’s overall development. Deputy Chief Minister D.K. Shivakumar’s decision to approve partial payments reflects a commitment to the city’s growth and a willingness to address challenges that hinder progress in the construction and infrastructure sectors.
Author: IBC Global Times
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