+
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

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code