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- Kolkata Municipal Corporation Plans ?500 Crore Bond Issue for Innovative Underground Utilities
Kolkata Municipal Corporation Plans ?500 Crore Bond Issue for Innovative Underground Utilities
The Kolkata Municipal Corporation (KMC) is set to revolutionize urban infrastructure with a groundbreaking initiative. Planning to float ?500 crore in bonds, the city aims to fund the construction of innovative tunnels for underground utilities. This forward-looking approach not only addresses the challenge of congested urban spaces but also enhances the efficiency and resilience of critical services. The tunnels will accommodate various utilities, ensuring a streamlined and future-ready infrastructure. The move reflects KMC's commitment to sustainable urban development and modernization. The funds raised through the bond issue will play a pivotal role in shaping Kolkata's infrastructure landscape, offering a model for other cities to emulate. Keywords: Kolkata Municipal Corporation, ?500 crore bonds, underground utilities, tunnels, urban infrastructure, sustainable development.