Damaged roads in urban local bodies to be restored with ₹1,000 crore
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Over 11,000km wanted to be repaired in urban local bodies.
The Tamil Nadu authorities has accorded in-principle approval for taking on urgently required street works for about ₹1,000 crore by means of pooled financing raised as a mortgage by means of banks and monetary establishments on behalf of the urban local bodies.
“The loan shall be repaid by the urban local bodies. It is also ordered that individual Detailed Project Reports submitted by the urban local bodies will be considered and approved by the Project Sanctioning Committee for Tamil Nadu Urban Road Infrastructure Fund (TURIF),” a G.O. issued in this regard acknowledged.
The Commissioner of Municipal Administration (CMA) had earlier identified that the supply made in the Water Supply and Under Ground Sewerage System Scheme was solely to restore the lower portion of the roads and never for replaying all the stretch. “Due to that, the roads are not restored fully under scheme funds,” it underlined.
In spite of repairing of those roads below numerous schemes, roads of about 11,000km wanted to be repaired in urban local bodies,” acknowledged the CMA who additionally contended that the urban local bodies have been dealing with extreme monetary crunch due to lower in grants, withholding of common property tax revision, exemption of lease lease for 2 months in the course of the coronavirus (COVID-19).
The CMA had requested the State authorities to accord approval for particular roads programme for these urban local bodies by means of authorities grants or loans from monetary establishments at ₹1,000 crore (in the primary part) which have been broken by Corporations, Municipalities, city panchayats.
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