The New Indian Express 04.06.2017
TUFIDA approves Rs 500 crore loan for infrastructure projects in Telangana urban local bodies
HYDERABAD: The 11th board meeting of
the Telangana Urban Finance and Infrastructure Development Corporation
(TUFIDC) on Saturday approved borrowing of Rs 500 crore loan from Vijaya
Bank for taking up infrastructure projects in various urban local
bodies (ULBs) in the state.
The meeting was attended by chairman
Viplav Kumar, vice chairman and managing director and secretary of
Municipal Administration and Urban Development department Navin Mittal,
director of Municipal Administration TK Sridevi, DTCP director K Anand
Babu and Public Health engineer-in-chief C Dhan Singh.
The board decided to constitute a project development and management
consultancy division to assist ULBs in the preparation of detailed
reports for various infrastructure projects.
Secretary Navin Mittal suggested that ASCI should be asked to study the
existing organisational chart and recommend a robust institutional
structure for TUFIDC. He also observed that TUFIDC should be made nodal
agency for taking up infrastructure works in ULBs under public private
partnership.
Navin asked officials to formulate guidelines for disbursement of loans
to ULBs by studying existing guidelines in HUDCO and other agencies.
TUFIDC should have a long term partnership with reputed institutions
such as ASCI, ESCI and IIIT for strengthening the capacity building of
ULBs and TUFIDC, he added.