Andhra govt to clear Rs 400 crore in pending bills for small contractors

Amaravati, Sep 30 (PTI) The Andhra Pradesh government on Tuesday 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.

“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. PTI MS STH ROH