"The target for revenue growth is an annual average of 10 percent. Russia's surging economy offers good potential for the development of our business. YIT has set itself the goal of increasing its revenue in Russia by an average of 50 percent annually over the 2006-09 period," Veikko Myllyperkio, vice president for corporate communications at YIT Corporation, said Tuesday in a statement.

Contractor General slams UDC claims

Greg Christie, the Contractor General, addressing a question by the Public Accounts Committee in Parliament yesterday. - Ian Allen/Staff Photographer

Contractor General Greg Christie has dismissed documentary reports by the Urban Development Corporation (UDC) relating to the hiring of consultants on the controversial Sandals Whitehouse hotel project.

The UDC had claimed that consultants were hired before the establishment of public sector procurement guidelines.

But in a letter addressed to the UDC and tabled at the Parliament's Public Accounts Committee meeting yesterday, Mr. Christie said the UDC failed to produce any evidence to substantiate its statement.

Documentary evidence

"We have asked that you do this by providing us with documentary evidence to substantiate your assertion.

GOF Hq project to resume in January

Papar: Construction work at the General Operations Force (GOF) headquarters at Kinarut, here, will resume January next year, said Deputy Internal Security Minister Datuk Mohd Johari Baharum.

Mohd Johari said Masenang Sdn Bhd, previously a sub-contractor in the project standstill, had been appointed by the Government as the main contractor.

"Masenang was chosen to finish the project as it had been involved in the project from the beginning and they knew about the work well," he said to reporters at the project's site office, Monday.

According to Mohd Johari, the RM215 million project, which is now 38 per cent complete, will be completed in 18 months.

He said the project now requires RM120 million, which should be enough to see to its completion in early 2008.

"The amount could run off a bit because we don't know exactly what is at the site," he said, adding a total of RM78 million had been paid off to the original main contractor before its service was terminated.

NHRC concerned over delay in construction of own building

New Delhi, Oct 17: Two years after laying the foundation stone for its own building in the Capital, National Human Rights Commission (NHRC) is still functioning from rented premises due to delay by the Urban Development Ministry in getting the necessary clearances for the construction.

While the Ministry is yet to obtain necessary clearances from various authorities, leading to delay in commencement of the construction work of the NHRC's own building, the commission has no option but to operate from Faridkot house, which it has taken on lease at Copernicus Marg in central Delhi.

Space has been allotted in the office complex premises in INA area in South Delhi for NHRC's own building, which would be called Manavadhikar Bhavan.

Expressing its concern over the delay, the commission has raised the matter in its annual report for 2004-05.

Construction to continue on East 104th Ave.

COMMERCE CITY - Last year, voters approved a bond initiative to allow the Commerce City Northern Infrastructure General Improvement District to issue bonds for the widening of East 104th Avenue between Highway 85 and E-470. Phase 1 of this project has been broken into five separate segments. Initial work was on 104th Avenue from Walden Street to, and including, Tower Road. This phase was completed in July. Work on the remaining phases involving 104th will begin in the coming weeks, and is scheduled to be completed in the spring of 2007. The second phase will include work on 104th from Tower Road to E-470; phase 3 is from Highway 2 to the eastern limits of the Turnberry Subdivision; phase 4 is from the O'Brian Canal to the BNSF railroad; and phase 5 is 104th Avenue at, and including Highway 2.