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From Arabian Business: Dubailand contractor mulls legal action over power woes
A Dubailand contractor is mulling legal action against the resort’s developer in a bid to recoup some AED12.4m ($3m) in losses he claims to have incurred after power delays to the project.
Triveni Builders and Promoters, the firm behind the La Fontana di Trevi project in the AED20bn Arjun development, said a row over the site’s electricity connection had pushed back handover of the property and forced the company to breach its contract with investors.
“We are thinking about arbitration, but we have not started yet. We are negotiating with [developer Dubai Properties Group] for at least part of our losses,” said CEO Ashok Galgotia.
Triveni began work on the AED80m residential development in 2008, but construction stalled after a planned electrical substation on the site was never built, leaving it without power.
For more, please see this: http://www.arabianbusiness.com/dubailand-contractor-mulls-legal-action-over-power-woes-440065.html