Jaipur: The urban development and housing (UDH) department constituted a settlement committee to terminate the existing contract between Jaipur Development Authority (JDA), Sanjose-Supreme joint venture (JV) and bankers.

The decision was taken in committee meeting, chaired by the UDH minister Shrichand Kriplani, held at state assembly.

This would be the last step before awarding the work to National Highways Authority of India (NHAI). “The minister will decide the president and member of settlement committee. The committee will consider aspects of all three parties. All three parties will have to adhere to committees’ decision,” said an official present in the meeting.

The state government will constitute a settlement committee before signing memorandum of understanding (MoU) between Jaipur Development Authority (JDA) and (NHAI). This will help mitigate all ensuing issues.

“Dispute between both firms has occurred over signing the settlement agreement. The minister has announced the chairman of both the companies—Sanjose and Supreme — who will be liable to sign the settlement contract,” said an official.

As a part of the discussions of the committee, conditions of agreements, which will be signed between NHAI and JDA was finalised after discussions.

“NHAI would provide Rs 35 crore to JDA every year. It would also provide 8 % interest to the authority. Once the agreement document is prepared, we would seek appointment with Union minister Nitin Gadkari and MoU will be inked in New Delhi,” said official.

Official source informed, “JDA has made expenditures on receiving approvals for the project. Moreover, it would provide land to NHAI for the project which would provide this amount annually in return.”

As per agreement, NHAI will provide Rs 350 crore to JDA in 10 years.

If sources are to be believed, the 47 km Ring Road project NHAI will be initiated within two months.

Another piece of information which a source privy to the matter also informed that JDA would take possession of remaining land of 29 hectares for the project soon.

Nitin Gadkari has already directed NHAI officials to prepare a detailed project report (DPR) on an expeditious basis. Remaining land would be provided once the construction is started,” added the minister.

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