Current Affairs

Yet Another Hurdle in Removing River Princess

With Salgaonkar Mining Industries Private Ltd. (SMIPL) declaring that the modified terms for removal of the grounded River Princess from Candolim shore, being not acceptable to it, it appears that the vessel is likely to be remain there for a longer period.
It may be recalled that the government had agreed to permit SMIPL to remove the vessel after the latter offered to remove it free of cost. However, the government increased the bank guarantee from earlier ` 1 crore to ` 10 crores.
The modified terms and conditions also made it mandatory for the company to deposit the money accruing from the scrap in the court till the entire vessel was cut into pieces and taken away from the present site.

SMIPL on Monday informed that Goa bench of Bombay High Court that is hearing a Public Interest Litigation over River Princess that the modified terms and conditions are not acceptable to it. The court is expected to pronounce its order over the new development on Wednesday 22nd September.
The River Princess Hatao Manch (RPHM) that has filed the PIL has also offered to remove the vessel but is yet to submit is concrete proposal.

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