It is not only "United States of America" in debt trouble, but also Coimbatore!
The City Corporation, which is one of the six corporations implementing Jawaharlal Nehru Urban Renewal Mission programme in the country, may have problem in implementing projects after April 6, if they did not settle the dues to the Contractors to the tune of Rs.46-Crores.
About 300 contractors are not paid by the corporation and all the work is going to stop due to the lack of funds very soon.
Is it because of corruption or why did this happen? There is no transparency at all.
Also, we are not going to know anytime why this happenned...Probably all the 'incoming funds' crores to be paid to contractors are in different pockets....
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