Bangalore, July 06: The Karnataka government today decided to award the contract to develop greenfield airport projects at Gulbara and Shimoga to Maytas Infra.
Briefing reporters after a Cabinet meeting, Home Minister V S Acharya said the Department of Corporate Affairs at the Centre has written to the state, recommending restoring the airport contract to Maytas.
He noted that K Ramalingam is the government-nominated Chairman of the Board of Maytas Infra now. The Department’s letter assured completion of the two projects within 12 months.
The state government had recently terminated the contract awarded to Maytas following the Satyam scam. Maytas Infra was a company promoted by Satyam founder Ramalinga Raju.
Acharya said the contract was terminated following “fears of liquidity and credibility” but now the state has been reassured following the Centre’s letter.
–PTI