speedheat Posted January 4, 2021 Share Posted January 4, 2021 A Chinese firm has bagged the contract to develop a 5.6-kilometer underground tunnel on one of the stretches of the Delhi-Meerut Regional Rapid Rail Transit System (RRTS) project. The National Capital Region Transport (NCRTC), which is executing India's first RRTS project, has awarded the contract to the Chinese firm, Shanghai Tunnel Engineering Company Limited (STEC) to construct a 5.6-kilometre underground stretch from New Ashok Nagar to Sahibabad. The NCRTC said, "Approvals have to be taken at various levels for bids that are funded by multilateral agencies. This bid was also awarded following the set procedure and guidelines". The NCRTC further informed that all tenders of the 82-km-long Delhi-Ghaziabad-Meerut corridor have been awarded and the construction is going on in full swing to commission the project in time. The Asian Development Bank (ADB) is funding the Delhi-Ghaziabad-Meerut RRTS corridor. Besides, the procurement is governed by the guidelines of the bank and the government. According to the ADB's procurement guidelines, vendors from all member countries of the bank are eligible to participate in the bidding process without any discrimination. The NCRTC had invited bids for the construction of the tunnel from New Ashok Nagar to Sahibabad of Delhi-Ghaziabad-Meerut RRTS corridor on November 9, 2019. Five companies submitted technical bids and all five of them qualified in the technical bid evaluation. Of the five firms, Shanghai Tunnel Engineering Company Limited emerged as the lowest bidder for the tender after qualifying on all the parameters, and the contract was awarded to it. Source: Link to comment Share on other sites More sharing options...
speedheat Posted January 4, 2021 Author Share Posted January 4, 2021 But but mitrooon Boycott China... Bhartiya Chinese party Real McCoy, Under_Score, Singh bling and 3 others 4 2 Link to comment Share on other sites More sharing options...
Real McCoy Posted January 4, 2021 Share Posted January 4, 2021 3 hours ago, speedheat said: But but mitrooon Boycott China... Bhartiya Chinese party On the second term, the true colors are out for everyone to see. bajpa = khangress Under_Score and speedheat 2 Link to comment Share on other sites More sharing options...
coffee_rules Posted January 4, 2021 Share Posted January 4, 2021 After banning China apps, this is two steps backwards. Funding is from Asian bank which is also majority China owned, speedheat, Laaloo, Real McCoy and 1 other 4 Link to comment Share on other sites More sharing options...
speedheat Posted January 4, 2021 Author Share Posted January 4, 2021 1 hour ago, Real McCoy said: On the second term, the true colors are out for everyone to see. bajpa = khangress Exactly!! I see no difference between bhajipav and khangress, two sides of same coin the only difference is that congressi plunderers used to loot us openly while these clowns hide behind the cover of nationalism and religion. Not long a go 20 of our soldiers got martyred in a face- off with China, fenku then banned few apps in response and bhakts were rejoicing calling it digital strike etc lol. and here they are now showing their true colour. Real McCoy, Laaloo, Indwin and 1 other 3 1 Link to comment Share on other sites More sharing options...
Laaloo Posted January 4, 2021 Share Posted January 4, 2021 2 hours ago, coffee_rules said: After banning China apps, this is two steps backwards. Funding is from Asian bank which is also majority China owned, Isn’t there some contract agreement between Asian bank and GOI? I read somewhere that if government breach the contract they would have to pay the full amount. Not sure what the amount is though. Link to comment Share on other sites More sharing options...
coffee_rules Posted January 4, 2021 Share Posted January 4, 2021 11 minutes ago, Laaloo said: Isn’t there some contract agreement between Asian bank and GOI? I read somewhere that if government breach the contract they would have to pay the full amount. Not sure what the amount is though. Rs 1,000 crore, project. https://www.financialexpress.com/infrastructure/delhi-meerut-rrts-project-chinese-firm-to-build-stretch-of-indias-first-regional-rapid-rail-transit-corridor/2163925/ Quote According to the officials quoted in the report, the RRTS corridor project is being funded by the Asian Development Bank. While procurement is governed by guidelines of the bank and the government. Link to comment Share on other sites More sharing options...
sandeep Posted January 4, 2021 Share Posted January 4, 2021 7 hours ago, speedheat said: The Asian Development Bank (ADB) is funding the Delhi-Ghaziabad-Meerut RRTS corridor. 7 hours ago, speedheat said: But but mitrooon Boycott China... Bhartiya Chinese party CCP China is biggest funding source for ADB - The entity paying for the project gets input on deciding the parameters for the vendor selection criteria. If India was paying for the project through IMF/WB or by itself, then it would have greater latitude in terms of vendor selection. But hey, why let simple facts get in the way of some 'fun' trolling. Link to comment Share on other sites More sharing options...
coffee_rules Posted January 4, 2021 Share Posted January 4, 2021 5 minutes ago, sandeep said: CCP China is biggest funding source for ADB - The entity paying for the project gets input on deciding the parameters for the vendor selection criteria. If India was paying for the project through IMF/WB or by itself, then it would have greater latitude in terms of vendor selection. But hey, why let simple facts get in the way of some 'fun' trolling. After USA and Japan (15%) , China is third and fourth is India in the stakes of ADB. China borrows the max, hence it has some funding stake. But the fact it can influence bidding process is anybody’s guess. Link to comment Share on other sites More sharing options...
speedheat Posted January 4, 2021 Author Share Posted January 4, 2021 8 minutes ago, sandeep said: CCP China is biggest funding source for ADB - The entity paying for the project gets input on deciding the parameters for the vendor selection criteria. If India was paying for the project through IMF/WB or by itself, then it would have greater latitude in terms of vendor selection. But hey, why let simple facts get in the way of some 'fun' trolling. But why is Asian bank funding an Indian project? Link to comment Share on other sites More sharing options...
sandeep Posted January 4, 2021 Share Posted January 4, 2021 Just now, speedheat said: But why is Asian bank funding an Indian project? why wouldn't it. Seems like you have some reading up to do on how financing for major infrastructure projects works, especially international financing. Link to comment Share on other sites More sharing options...
speedheat Posted January 5, 2021 Author Share Posted January 5, 2021 14 hours ago, sandeep said: Seems like you have some reading up to do on how financing for major infrastructure projects works, especially international financing True. But aren't we supposed to hate that country and Boycott everything that is Chinese? While Vishwaguru mr -23.9% is awarding them ironclad contract Real McCoy, Stan AF, coffee_rules and 1 other 1 1 2 Link to comment Share on other sites More sharing options...
LordPrabhzy Posted January 5, 2021 Share Posted January 5, 2021 4 hours ago, speedheat said: True. But aren't we supposed to hate that country and Boycott everything that is Chinese? While Vishwaguru mr -23.9% is awarding them ironclad contract Again you are showing your naiveity.. theres a difference between mindless actions and carefuly thought strategy. As Sandeep mentioned, international financing is a very complex concept which you have no idea about and the contractual obligations that come along with it. The need of the hour was that Indian citizens and companies stop their reliance on China directly so that it could have an impact on them directly. The fault is still with the indian public.. there is a massive chest thumping on social media ( as was with post SSR) about boycotting chinese products.. despite this the the brand which sold the most phones in India in 2020 was Vivo.. Coolie No 1 was the most watched film on Prime when it released. So yes the indian public talks big about boycotting to get some likes on SM but rarely have the morals and guts to put money where their mouth is and do the actual action. putrevus and coffee_rules 1 1 Link to comment Share on other sites More sharing options...
sandeep Posted January 5, 2021 Share Posted January 5, 2021 6 hours ago, speedheat said: True. But aren't we supposed to hate that country and Boycott everything that is Chinese? While Vishwaguru mr -23.9% is awarding them ironclad contract I am no fan of the 'bearded' wonder. But you are fabricating silly strawmen.... Link to comment Share on other sites More sharing options...
coffee_rules Posted January 5, 2021 Share Posted January 5, 2021 ^^Besides, The project was started in 2018 or earlier with ADB and backing would have penalties and other projects. Link to comment Share on other sites More sharing options...
Real McCoy Posted January 6, 2021 Share Posted January 6, 2021 22 hours ago, LordPrabhzy said: Again you are showing your naiveity.. theres a difference between mindless actions and carefuly thought strategy. As Sandeep mentioned, international financing is a very complex concept which you have no idea about and the contractual obligations that come along with it. The need of the hour was that Indian citizens and companies stop their reliance on China directly so that it could have an impact on them directly. The fault is still with the indian public.. there is a massive chest thumping on social media ( as was with post SSR) about boycotting chinese products.. despite this the the brand which sold the most phones in India in 2020 was Vivo.. Coolie No 1 was the most watched film on Prime when it released. So yes the indian public talks big about boycotting to get some likes on SM but rarely have the morals and guts to put money where their mouth is and do the actual action. What a wonderful point of view you have. Blame the citizen while giving a cop out to govt by saying international financing being a "very complex concept" as though said poster you were replying to somehow doesnt understand it. You being a hindu should know that the ruler, king, or PM should take the role of a father figure for the benefit of the people. When the father is hypocritical, how will you hold the child to act anything different. The govt is setting a bad example and hiding behind contractual obligations. If such a contract has that obligation, it is foolish at best to enter into it and hypocritical at worst. If the govt is following its own mandates, then it has the right to ask the citizens why not follow suit. If the govt itself is acting hypocritically, then it loses all trust in the people. In fact it gives more fuel to the line of thinking among the common man that "hey even the govt is doing it. why not us" speedheat 1 Link to comment Share on other sites More sharing options...
speedheat Posted January 6, 2021 Author Share Posted January 6, 2021 (edited) 1 hour ago, Real McCoy said: What a wonderful point of view you have. Blame the citizen while giving a cop out to govt by saying international financing being a "very complex concept Excuses they bring in to defend fenku are just phenomenal they have their own compulsions reason I don't argue with them. Edited January 6, 2021 by speedheat Laaloo, Real McCoy and Nonbeliever 1 1 1 Link to comment Share on other sites More sharing options...
LordPrabhzy Posted January 6, 2021 Share Posted January 6, 2021 (edited) 3 hours ago, Real McCoy said: What a wonderful point of view you have. Blame the citizen while giving a cop out to govt by saying international financing being a "very complex concept" as though said poster you were replying to somehow doesnt understand it. You being a hindu should know that the ruler, king, or PM should take the role of a father figure for the benefit of the people. When the father is hypocritical, how will you hold the child to act anything different. The govt is setting a bad example and hiding behind contractual obligations. If such a contract has that obligation, it is foolish at best to enter into it and hypocritical at worst. If the govt is following its own mandates, then it has the right to ask the citizens why not follow suit. If the govt itself is acting hypocritically, then it loses all trust in the people. In fact it gives more fuel to the line of thinking among the common man that "hey even the govt is doing it. why not us" Seems like you have the comprehension skills of a 5 year old.. You do realise the funding from Asian Bank were probably drawn up before 2018 and much before the 2020 border incident with China so despite the national sentiment, if the GOI backed out of the contract then it is the Indian taxpayer who would be liable to pay the fines. The demand for the infrastructure which the Indian public wants needs to be paid for somehow dont you agree? maybe if all of the indian tax payer bracket paid their due share of tax and not just 10/20% then maybe the indian governments would not need to utilise international funding to deliver these projects. And whats being Hindu got to do with anything? Did the Gov not take proactive steps to ban Chinese mobile apps in the indian market? Did the Gov force people to chest thump on social media that they will boycott chinese products, no because its a personal choice people need to make based on current events. Despite border tensions in the last few years, the India China trade value is still very high BECAUSE of the demand from the Indian public. I agree the government as to do more to bolster local industries, incentivise R&D, make brands which can be sold internationally. My point rather was to do with the mindset of the public.. if you see the gov as hypocritical then fine, you dont have to chest thump that ' i will boycott chinese products' on FB and then next day buy a Vivo phone because it was on offer. Maybe people need to make small decisions which are in their control and introspect first. I used the SSR as an example to highlight my point- Bollywood nepotism has nothing to do with the Gov correct? so why did people after all the hungama of boycotting of Bollywood after SSR death on their social media, watched Coolie No 1 in their millions despite knowing what a rubbish film it was? The mentality. Edited January 6, 2021 by LordPrabhzy Laaloo and coffee_rules 1 1 Link to comment Share on other sites More sharing options...
LordPrabhzy Posted January 6, 2021 Share Posted January 6, 2021 (edited) . Edited January 6, 2021 by LordPrabhzy Link to comment Share on other sites More sharing options...
Mariyam Posted January 7, 2021 Share Posted January 7, 2021 Why a tunnel to Meerut? Who wants to go there? Link to comment Share on other sites More sharing options...
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