Arihant Shipbreakers are expected to recommence work on removal of the remaining pieces of the MV River Princess in about 10 days.
The work had been delayed as Arihant had failed to provide a bank guarantee of 10 crore to the state government. Speaking to TOI, Arihant representative Bishwas Santosh, said they would be furnishing the 10 crore bank guarantee by Friday.
The state government, after receiving the bank guarantee, is expected to convene a meeting of the monitoring committee next week following which the tourism department would issue the work order. All the required permissions are already in place, it is learnt.
Full report here Times of India