The Times of India 16.07.2009
City hopes for a big slice of JNNURM fund pie
The current union budget may not have satisfied all quarters but it has brought cheers to the Thane Municipal Corporation (TMC). The civic administration is hoping to get funds to the tune of hundreds of crores of rupees from the central government this year to carry out some of the major infrastructure development works in the city.
The union finance ministry announced allocation of Rs one lakh crore in the financial account this year for the development of all forms of infrastructure all over the country. The funds would be made available to the central, state and local self organisations under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) of the central government.
The centre has not yet declared the share of the states in the allocation. It is however believed that the state of Maharashtra will get around Rs 12,500 crore out of the allocation for carrying out development of infrastructure in the state. Most part of the fund would be utilised for the purpose under the Mumbai Metropolitan Region (MMR) areas and Thane is a premier city in the MMR.
According to civic sources the TMC is carrying out five major works with the aid from the JNNURM. These projects are the Underground Sewerage Project (USP), the Integrated Nallah Development Project (INDP), the 110 Million Litres per Day (MLD) water supply project, the Station Area Improvement Scheme (SATIS) and the Basic Services for Urban Poor (BSUP) project.
The total cost of the projects is more than Rs 672 crore. Out of this the corporation is getting around Rs 350 crore by way of 35 percent grant from the JNNURM and 15 percent from the state government on infrastructure projects. The grant on BSUP is 50 percent from the central and 30 percent form the state government.
The corporation is arranging the balance of the amount from its own coffers or soft loans from the money market. In addition to this several other civic projects worth more than Rs 200 crore are in the pipeline. These proposals have also been sent to the JNNURM and the approval of the central body is expected.
The corporation has drawn up some ambitious plans to invest another Rs 1000 crore in public developmental projects in the coming months once it is assured of aid from the JNNURM. The projects will involve development of city roads, improvement in solid waste mechanism, erection of holding ponds, 24 X 7 water supply project as well as expansion of BSUP schemes.
The union finance ministry announced allocation of Rs one lakh crore in the financial account this year for the development of all forms of infrastructure all over the country. The funds would be made available to the central, state and local self organisations under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) of the central government.
The centre has not yet declared the share of the states in the allocation. It is however believed that the state of Maharashtra will get around Rs 12,500 crore out of the allocation for carrying out development of infrastructure in the state. Most part of the fund would be utilised for the purpose under the Mumbai Metropolitan Region (MMR) areas and Thane is a premier city in the MMR.
According to civic sources the TMC is carrying out five major works with the aid from the JNNURM. These projects are the Underground Sewerage Project (USP), the Integrated Nallah Development Project (INDP), the 110 Million Litres per Day (MLD) water supply project, the Station Area Improvement Scheme (SATIS) and the Basic Services for Urban Poor (BSUP) project.
The total cost of the projects is more than Rs 672 crore. Out of this the corporation is getting around Rs 350 crore by way of 35 percent grant from the JNNURM and 15 percent from the state government on infrastructure projects. The grant on BSUP is 50 percent from the central and 30 percent form the state government.
The corporation is arranging the balance of the amount from its own coffers or soft loans from the money market. In addition to this several other civic projects worth more than Rs 200 crore are in the pipeline. These proposals have also been sent to the JNNURM and the approval of the central body is expected.
The corporation has drawn up some ambitious plans to invest another Rs 1000 crore in public developmental projects in the coming months once it is assured of aid from the JNNURM. The projects will involve development of city roads, improvement in solid waste mechanism, erection of holding ponds, 24 X 7 water supply project as well as expansion of BSUP schemes.
