The Times of India            21.10.2010

Road repair status to go online: Mayor

CHENNAI: Want to know the status of road repair works in your colony? Soon, the official website of the Chennai Corporation, www.chennaicorporation.gov.in, will soon announce the position of the road relaying and patch works taken up by the zonal offices, with support from contractors.

The first of its kind initiative, according to mayor M Subramanian, will keep Chennaiites updated on the status of works undertaken by the corporation on a daily basis. "As many as 314 bus route roads have been taken up this time, and the cost of the damages have been estimated at Rs 11 crore. At least 4.12 lakh sq m of road surface were found damaged in the recent rains, which require immediate attention," the mayor said.

Subramanian was inspecting road repairs along with a team of senior corporation officials in various parts of the city. The corporation has decided to take up repairs in an area of 2.65 lakh sq m at the cost of Rs 7 crore. The bus route roads department has identified 13 contractors to finish the works at the earliest. The superintending engineers of various departments have been appointed as nodal officers to oversee the road works during night hours. "The works will be completed in 10 days," Subramanian said.



The roads which will soon be repaired included, Tiruvottiyur High Road, Cemetary Road, Surya Narayana Street, NSC Bose Road, Prakasam Road, Dr Ambedkar College Road, Kaliamman Kovil Street, Anna Nagar Second Avenue, Third Avenue, Paper Mills Road, Bharathi Salai, Valluvar Kottam High Road, Gandhi Irwin Road, N S K Salai, Venkatnarayana Road, Pasumpon Muthuramalingam Salai, North Usman Road, Sardar Patel Road, Gandhi Mandapam Road, Velachery High Road, Taluk Office Road, Ashok Pillar Road, DGS Dinakaran Salai, Dr Muthulakshmi Salai, Pallvan Salai, Nelson Manickam Salai, G N Chetty Salai and Kodambakkam High Road.

PARKING METERS IN 9 PLACES: In an all party meeting in the Ripon Buildings, Subramanian said the local body has decided to extend the parking meters - automatic ticket vending machines - to regulate on-street parking in nine more areas, which are considered workable. "A resolution to this effect will be brought in the coming council meet," Subramanian said.

The areas are: Near Kandasamy College in Third Avenue, Anna Nagar; near Sundaram medical foundation in Shanthi Colony; Second Avenue, Anna Nagar; Purasawalkam high road; near SS supermarket in Third Avenue Anna Nagar; General Patters Road; near Naidu Hall in Pondy Bazaar, near Gandhi Nagar, Sardar Patel Road, Whites Road, Royappettah. Currently, the machines are available in North Mada Street in Mylapore, CSIR Road, Taramani and Pondy Bazaar.

Business Line  21.10.2010

Corp Bank in pact with Bangalore Development Authority

Our Bureau

Mangalore, Oct. 20

Corporation Bank has signed a memorandum of understanding (MoU) with the Bangalore Development Authority (BDA) to extend various banking services to BDA.

According to the MoU, Corporation Bank will be one of the preferred financiers for the development activities of BDA.

A bank release said here that the MoU was signed in Bangalore on Tuesday by BDA and Corporation Bank, in the presence of Ms Vatsala Vatsa, Chairperson of BDA, Mr Bharat Lal Meena, Commissioner of BDA, and Mr Ramnath Pradeep, Chairman and Managing Director of Corporation Bank.

According to the MoU, Corporation Bank will extend credit limits to BDA for its project to allot 25,000 economically weaker sections/ middle income group houses and sites and also for BDA's projects to the citizens of Karnataka.

The bank will sanction loans to the applicants for purchase of sites and houses from BDA at attractive interest rates according to bank's norms, the release said.

Corporation Bank will meet various retail loan requirements of employees of BDA, according to eligibility.

The MoU also envisages extending loans by Corporation Bank to the persons displaced on account of land acquisition by BDA.

The bank shall develop suitable IT solutions for online collection of application fee, property taxes and rents, online payments, e-auctions, etc.

The release said that the bank will set up kiosks and service counter at BDA to facilitate BDA-related banking services.