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GHMC earmarks Rs 3,159 cr for this fiscal

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Sorurce : The Business Line Date : 27.02.2009

GHMC earmarks Rs 3,159 cr for this fiscal

49% of allocation for weaker sections.

 


Budget allocations

Revenue income has been pegged at Rs 1,377 crore, revenue expenditure at Rs 999 crore and revenue surplus at Rs 378 crore

For weaker sections, 49% of allocation has been earmarked, as against Government norm of 40%

On development of infrastructure and maintenance, 77% of the Budget

Proposals for major projects include Rs 171 cr for road widening, Rs 180 cr for improvements of nalas (storm water drains), Rs 150 cr for the Bus Rapid Transit System, Rs 200 cr for MMTS and Rs 15 cr for beautification of the Musi river


Our Bureau

Hyderabad, Feb. 26 The budget of Greater Hyderabad Municipal Corporation (GHMC) for the year 2009-10 has been pegged at Rs 3,159 crore, an increase of 8.4 per cent over the 2008-09 financial year.

GHMC has pegged revenue income for next year at Rs 1,377 crore, while revenue expenditure has been estimated at Rs 999 crore and revenue surplus at Rs 378 crore.

Addressing a press conference here on Thursday, Mr S.P. Singh, Commissioner, GHMC, and Special Officer & Ex-Officio Principal Secretary to Government, Municipal Administration & Urban Development Department, said, “Out of the Rs 2,160 crore earmarked for capital expenditure, Rs 630 crore has been allotted to provide housing for the poor, Rs 362.82 crore for multi-model transport system, bus rapid system, traffic signals and signage, Rs 525 crore for roads and payments among others, which include provisions for storm water drainage, buildings, land and land improvements, etc.”

He also said that 49 per cent of allocation has been earmarked for the weaker sections as against the Government norm of 40 per cent and 77 per cent of the Budget on development of infrastructure and maintenance. “The Budget allocations are aimed at making Hyderabad slum-free and for the overall development of poor people,” Mr Singh said.

PROPOSALS

The proposals for major projects include Rs 171 crore for road widening, Rs 180 crore for improvements of nalas (storm water drains), Rs 150 crore for Bus Rapid Transit System, Rs 200 crore for MMTS and Rs 15 crore for beautification of the Musi river.

Last Updated on Wednesday, 10 June 2009 05:18