Posts Tagged ‘City Pearl’CMC chief refutes opposition chargesFriday, August 27th, 2010CMC President P D Ponappa (Center) with the Vice President(seated Left) and the Commissioner. Ponappa said that no secret deal with City Pearl was arrived at while awarding the contract. Refuting the charges of opposition leader in the CMC T.M. Aiyyappa on the private bus stand and various other issues, CMC President P.D. Ponappa said that the opposition members were unnecessarily raising imaginary issues. He clarified that the proposal to hand over development of the new bus stand to Bangalore based City Pearl Group of Companies was yet to get the final nod from the government and that the infrastructure department is going through the agreement and only after the department clears the proposals will the land be handed over. The CMC president told reporters here that a resolution in this regard had been passed at a full board meeting of the CMC on April 23rd and the proposal was cleared at the second meeting held on June 29, 2010. which was attended by Muneer Ahamad, T.M. Aiyyappa and other councillors. Ponappa further clarified that no secret deal was arrived at in awarding the contract and the decision of the CMC will have to be ratified by the government. Bus Stand Contract lands Madikeri CMC in a soupThursday, August 26th, 2010Madikeri CMC’s contract with City Pearl Group is turning out to be a murky deal. There is hardly any information available about City Pearl Group “based” in bangalore which has been awarded the lucrative contract to BOOT the new madikeri bus stand. While Congress has raised an eyebrow over the deal, after meeting Assembly speaker K G Bopaiah in Bangalore, CMC president P D Ponnappa has said that ” The state govt needs to approve the project”… Adding that “After looking at the financial status of City Pearl Group, the government may reject it. Though the CMC has been claiming that City Pearl is bangalore based company, there is hardly any information available about the company’s dealings, financial status, their past projects, etc. Their no-much infomation website also mentions that they are headquatered in Dubai. Plus, according to their website they seem to be “Importers & Stockist of Steel, Structural Steel, Cements, Hardware, etc” It should also be noted that another bidder for the project, Gokul Constructions from Mysore had lost out to City Pearl even though they had bid less with favourable terms for the project. Seems CMC has a lot of answering to do.
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