The Andhra Pradesh government has decided to clear pending bills of contactor amounting upto Rs 400 crore for the works they executed since 2014.
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Amaravati: The Andhra Pradesh government has decided to clear pending bills of contactor amounting upto Rs 400 crore for the works they executed since 2014, said a government source.
Contractors who executed works between 2014 and 2019, with project value below Rs 5 crore, will now receive payments, ending years of financial uncertainty and hardship, the source said on Tuesday.
"The Andhra Pradesh Finance Department is clearing pending bills for small contractors, providing long-awaited financial relief..." the source told PTI.
The decision, which will see small contractors benefit by Rs 400 crore, was taken following orders from Chief Minister N Chandrababu Naidu. The relief is specifically extended to contractors who executed works up to Rs 5 lakh, with dues pending since 2014.
According to the source, the TDP-led government has already cleared pending bills in multiple tranches already.
Funds for the bills are expected to be credited to the contractors' accounts in a couple of days.