Jaipur Development Authority (JDA)
will re-invite fresh bids for developing the 143-km ring road project as Reliance
Infrastructure, who emerged as the sole bidder for the project decided not to
make the Rs.2,700 crore reverse payment to JDA.
Earlier, JDA had issued a deadline to
the company to submit a final report of the project by 12 September 2008.
JDA had invited bids for the project
in 2005 and Reliance Energy (later renamed Reliance Infrastructure) was the sole
bidder. The company had submitted a draft project report with project cost then
estimated at Rs 6,470 crore. The draft report was to be followed by a detailed
project report that is yet to be submitted. So far JDA has acquired land for the
ring road's 47km stretch (Ajmer Road -Tonk Road-Agra Road link).