Ludhiana Corporation approves projects worth Rs 100 cr
SMART CITIES

Ludhiana Corporation approves projects worth Rs 100 cr

In a meeting held at the mayor's camp office, the civic body's finance and contracts committee (F&CC) approved roughly 250 resolutions pertaining to development works valued at about 1 billion as Municipal elections are anticipated to take place by the end of the year.

The same occurs at a time when the municipal corporation (MC) is struggling to make ends meet, including paying employee salaries. Following the same, there appears to be a lack of precise planning for financing these projects.

During the meeting, which lasted for more than four and a half hours, 277 resolutions were presented, according to the information. About 250 of these were approved by the committee led by mayor Balkar Sandhu, including initiatives funded by the National Clean Air Program (NCAP) and the Smart City Mission. The majority of the projects involved building new roads, installing tube wells, and installing sewer lines.

Due to the impending elections, council members have been putting increasing pressure on the mayor to approve projects for their respective wards.

However, Sandhu claimed that given the already established quota for each councillor, the projects had been approved. Prior to this, the finance committee established annual budgets of 10 million for inner wards and 15 million for outer wards.

“The projects which have to be taken up on priority basis have been approved like installation of tubewells. As the MC has been facing shortage of funds, the other projects have been approved considering the fixed quota of councillors. If the councillor had already got projects approved equal to his quota, then the additional projects have been kept pending for now,” the mayor stated.

According to Sandhy, the state government's failure to release its portion of the goods and services tax (GST), which is close to 1 billion, has left the civic body with a funding shortage.

The MC has already gotten a loan for 1 billion to do development work, and if projects need to be started, the money will be used for that.

See also:
Ludhiana Municipal Corporation to review development projects..
Tamil Nadu tops in smart city fund utilization

In a meeting held at the mayor's camp office, the civic body's finance and contracts committee (F&CC) approved roughly 250 resolutions pertaining to development works valued at about 1 billion as Municipal elections are anticipated to take place by the end of the year. The same occurs at a time when the municipal corporation (MC) is struggling to make ends meet, including paying employee salaries. Following the same, there appears to be a lack of precise planning for financing these projects. During the meeting, which lasted for more than four and a half hours, 277 resolutions were presented, according to the information. About 250 of these were approved by the committee led by mayor Balkar Sandhu, including initiatives funded by the National Clean Air Program (NCAP) and the Smart City Mission. The majority of the projects involved building new roads, installing tube wells, and installing sewer lines. Due to the impending elections, council members have been putting increasing pressure on the mayor to approve projects for their respective wards. However, Sandhu claimed that given the already established quota for each councillor, the projects had been approved. Prior to this, the finance committee established annual budgets of 10 million for inner wards and 15 million for outer wards. “The projects which have to be taken up on priority basis have been approved like installation of tubewells. As the MC has been facing shortage of funds, the other projects have been approved considering the fixed quota of councillors. If the councillor had already got projects approved equal to his quota, then the additional projects have been kept pending for now,” the mayor stated. According to Sandhy, the state government's failure to release its portion of the goods and services tax (GST), which is close to 1 billion, has left the civic body with a funding shortage. The MC has already gotten a loan for 1 billion to do development work, and if projects need to be started, the money will be used for that. See also: Ludhiana Municipal Corporation to review development projects.. Tamil Nadu tops in smart city fund utilization

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App