The Tiruchi Corporation Budget for 2017-18 projects a surplus of Rs. 98 lakh.

According
to the budget estimates, the total revenue for the fiscal will be Rs.
402.65 crore against the expenditure of Rs. 401.67 crore.

The
Corporation has proposed to construct two shopping complexes in the city
in an attempt to augment its revenue. It has proposed to construct a
shopping mall at Travellers Bungalow on Bharathidasan Road.

A sum ofRs. 20 crore will be spent for the project by availing subsidy under the State Innovation Fund.

The proposal said that there was sufficient space at the complex for constructing a spacious complex.

Since
it was located close to the Lawsons Road and Reynolds Road, where a
number of residential colonies and commercial complexes were located,
the proposed shopping complex is expected to generate good revenue.

The
second shopping complex will be built at 7th cross in Thillai Nagar. A
sum ofRs. 12 crore will be spent for the project with the grant of State
Innovation fund.

The Local Planning Authority had already granted project approval for the shopping complex on August 27, 2015.

N. Ravichandran, Commissioner cum Special Officer, told
The Hindu
that the shopping complexes were aimed at improving financial position
of the Corporation. The Travellers Bungalow complex had 76,230 square
feet of space.

However, it was under utilised for so long. The
Detailed Project Reports for the shopping complexes would be prepared
shortly for getting administrative sanction.

Mr. Ravichandran said
a sum of Rs. 12 crore had been earmarked for laying of new roads and
formation of footpath during the current fiscal. New roads will be laid
to the length of 17.68 km. About Rs. 2 crore will be spent on improving
and proper maintenance of public parks at Sanjeevi Nagar, Devar Nagar,
Diraviyam Pillai Park, Dr. Renganathan Park, Pookkulam Park, Rengasamy
Park and Bhagavathipuram Park.

In addition to this, he said that
it has been proposed to develop roads to the length of 37.69 km along
with storm water facility by availing funds under the Tamil Nadu Urban
Road Infrastructure Development Fund during 2017-18.

Under the General Fund, it was proposed to upgrade various roads to the length of 77 km at an estimate of Rs. 10.50 crore.

On the anvil

Corporation to construct a shopping mall at Travellers Bungalow on Bharathidasan Road

Another shopping complex will be built at 7th cross in Thillai Nagar

Rs. 12 crore has been earmarked for laying of new roads and formation of footpath