*Examining all aspects of ADB loan: Achuthanandan *

Special Correspondent

*"Ministers who corrected me will soon correct themselves" *
 ------------------------------

�  *No change in Kerala stand on SNC-Lavalin issue *

�  *"SNC-Lavalin has cheated the State" *
------------------------------

THIRUVANANTHAPURAM: Kerala Chief Minister V. S. Achuthanandan said here on
Wednesday that the Ministers who had "corrected" him on the Asian
Development Bank (ADB) loan issue would soon correct themselves.

He was responding to a question from journalists on the statement by
Minister for Local Self-Government Paloli Mohammed Kutty, to a newspaper,
refuting his contention that the State Government had signed the deal for
the ADB loan for Kerala Sustainable Urban Development Programme without the
approval of the Cabinet.

Asked about Finance Minister T. M. Thomas Isaac's statement that the
agreement signed by the ADB and the State Government on December 8 in New
Delhi had no conditions against the interests of the State, the Chief
Minister said all aspects of the issue were being closely examined.

Mr. Achuthanandan said his views on the SNC-Lavalin issue were on record.
The Canadian company SNC-Lavalin had promised the State a grant of Rs.
98.3crore as part of the contract given by the Kerala State
Electricity Board
for executing the renovation and modernisation of the hydel projects at
Pallivasal, Shengulam and Panniar. The company actually gave the State only
Rs. 8.98 crore of this promised amount, meant for setting up the Malabar
Cancer Centre at Thalasserry.

"The company has cheated Kerala. During the tenure of the UDF Government, I
had demanded in the Assembly that the company be blacklisted," he said.





___________________________________________________

Vidya Rangan

Globalisation Impacts and Tourism Programme

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Bangalore 560043

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Fax: +91-80-25457665



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