The Auditor General's Office has called for an investigation into a scrapped parking system project in Male' and Hulhumale' after nearly MVR 60 million was spent without delivering the intended benefits. The audit report on the Ministry of Housing found payments made without verifying completed work and unrecovered advance payments.
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the ministry awarded a MVR 59.9 million contract on June 26, 2016, to install parking systems at 20 locations in Male' and Hulhumale'
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the contract was cancelled on June 26, 2018, due to inadequate progress
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The ministry informed the Auditor General's Office on October 5 that it could not account for the materials supplied by the State Trading Organization (STO)
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after nearly MVR 60 million was spent on a project that failed to deliver the intended public benefits and was eventually scrapped
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the ministry awarded a MVR 59.9 million contract on June 26, 2016, to install parking systems at 20 locations in Male' and Hulhumale'
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to install parking systems at 20 locations in Male' and Hulhumale'
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In 2018, another contract worth MVR 14.4 million was awarded to a foreign company to install the remaining 14 parking systems
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another contract worth MVR 14.4 million was awarded to a foreign company to install the remaining 14 parking systems
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A total of MVR 59.35 million was spent on the project, the report found.
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the audit found that MVR 9.8 million had been paid against four bills submitted by STO
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the contractor submitted two invoices totaling more than MVR 4 million
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A total of MVR 13.86 million was paid without ensuring that the corresponding work had been completed, the audit found.
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the ministry had made an advance payment of MVR 2.17 million when the project was halted in 2018
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Of this amount, MVR 1.45 million remains unrecovered.
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Earlier reports gave MVR 59.22 million 13 Nov, 21:21 Sun EnglishMVR 136 million 10 Nov, 15:56 The Standard
payments for projects valued above MVR 2.5 million must be made after considering reports prepared by the project consultant
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