@heroxhere wrote:Ladies and Gentlemen, Please welcome to the stage, our next all out performer! A. E. L.!DailyFT wrote:Access gets Rs. 9.37 b contract for 400-unit housing project in Borella - The Cabinet of Ministers on Monday approved the proposal presented by Minister of Urban Development and Housing on the recommendation of the Cabinet appointed standing procurement committee to award Access Engineering PLC the contract to build a new housing scheme in Borella for Rs. 9.37 billion (without tax).
The Elliot Place Housing Project with 400 housing units by the Urban Development Authority is for middle income earners in the public and private sectors.
The Government said the project did not proceed as planned due to financial problems in the company that awarded the contract for the design, construction and financing of the project and the contract was terminated.
National competitive bidding was called for the completion of the remaining work of this priority project and Access was selected for the work.
400 housing units for middle income familys. Cost is 9.37bn thats 937Cr for 400 houses, this is only construction cost without a land value.
A house will cost 2.34 Cr aprox.
Middle class mind you.