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The Hindu
The Hindu
National
The Hindu Bureau

Revanth asks Telangana Govt to cancel ORR lease, claims company failed to pay 10% lease amount

ORR A Revanth Reddy Telangana G Kishan Reddy

Telangana Congress president A. Revanth Reddy on May 24 claimed that the company that was given a lease of Outer Ring Road (ORR) for 30 years has failed to pay the 10% amount within the stipulated time and demanded the State Government cancel the tenders. He further said that the company has requested the government to extend the payment date.

The Mumbai-based company IRB Infrastructure Developers Ltd was awarded the lease for ₹7,380 crore contract for Hyderabad Outer Ring Road (ORR) project, under the toll-operate-transfer (TOT) model, but has failed to pay ₹738 crore within the stipulated 30 days, he claimed.

Also Read | Revanth alleges ₹1,000 crore ‘scam’ in ORR lease for 30 years

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