PMC proposes Rs 3.57 bn plan for flood management to Central govt
WATER & WASTE

PMC proposes Rs 3.57 bn plan for flood management to Central govt

The Pune Municipal Corporation (PMC) put forth a proposal of Rs 3.57 billion to the National Disaster Management Authority (NDMA), seeking funding for the Union government's Urban Flood Management Project.

As per the 15th Finance Commission for 2021-26, Pune was chosen as one of seven cities for urban flood risk management to mitigate the adverse impacts of climate change and heavy rainfall.

The NDMA approved an annual allocation of Rs 500 million for the city until the fiscal year 2025-26.

In accordance with the project agreements, the civic body submitted a comprehensive report for implementation by the road department, drainage department, and river improvement department.

In response to this development, Ganesh Sonune, the head of PMC's Disaster Management Department, mentioned that the central government had granted the funds but required the PMC to provide a detailed plan to address flood-like situations in the city. Sonune stated, "We have devised a strategy outlining how the allocated funds will be utilised by the PMC to address rain-related emergencies."

Sonune further stated that the civic body had identified 137 locations across the city where flood issues are prevalent.

"PMC's primary proposal entails the installation of stormwater lines and a box drainage system along the road to tackle chronic waterlogging. Additionally, PMC intends to use these funds to restore an old drainage system."

The Pune Municipal Corporation (PMC) put forth a proposal of Rs 3.57 billion to the National Disaster Management Authority (NDMA), seeking funding for the Union government's Urban Flood Management Project. As per the 15th Finance Commission for 2021-26, Pune was chosen as one of seven cities for urban flood risk management to mitigate the adverse impacts of climate change and heavy rainfall. The NDMA approved an annual allocation of Rs 500 million for the city until the fiscal year 2025-26. In accordance with the project agreements, the civic body submitted a comprehensive report for implementation by the road department, drainage department, and river improvement department. In response to this development, Ganesh Sonune, the head of PMC's Disaster Management Department, mentioned that the central government had granted the funds but required the PMC to provide a detailed plan to address flood-like situations in the city. Sonune stated, We have devised a strategy outlining how the allocated funds will be utilised by the PMC to address rain-related emergencies. Sonune further stated that the civic body had identified 137 locations across the city where flood issues are prevalent. PMC's primary proposal entails the installation of stormwater lines and a box drainage system along the road to tackle chronic waterlogging. Additionally, PMC intends to use these funds to restore an old drainage system.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement