Rs 50,000 cr for dev of urban areas; Rs 100 cr for metro projects in Lucknow & Ahmedabad
Updated: Jul 10, 2014 05:16:43pm
New Delhi, Jul 10 (KNN) The Government is giving major focus towards providing good infrastructure, including public transport, solid waste disposal, sewerage treatment and drinking water in the urban areas, said Finance Minister Arun Jaitley adding that the Budgetary provision for the Pooled Municipal Debt Obligation Facility has been enhanced from Rs 5000 crore to Rs 50,000 crore with extension of the facility by five years to March 31, 2019.
Jaitley informed the House that this facility was set up in 2006 with participation of several banks to promote and finance infrastructure projects in urban areas on shared risk basis.
He said that for urban renewal of cities and towns, four fundamental activities are necessary like provision of safe drinking water and sewerage management, use of recycled water for growing organic fruits and vegetables, solid waste management and digital connectivity.
The Finance Minister said it is the vision of the Government that at least five hundred (500) such habitations must be provided support, while harnessing private capital and expertise through PPPs, to renew their infrastructure and services in the next ten years.
Government will encourage development of metro rail systems, including light rail systems, in the PPP mode, supported by the Central Government. Jaitley stressed that for two million plus cities, planning of metro projects must begin now and in the current fiscal, a sum of Rs 100 crore has been allocated for Metro Projects in Lucknow and Ahmedabad. (KNN/SD)
Jaitley informed the House that this facility was set up in 2006 with participation of several banks to promote and finance infrastructure projects in urban areas on shared risk basis.
He said that for urban renewal of cities and towns, four fundamental activities are necessary like provision of safe drinking water and sewerage management, use of recycled water for growing organic fruits and vegetables, solid waste management and digital connectivity.
The Finance Minister said it is the vision of the Government that at least five hundred (500) such habitations must be provided support, while harnessing private capital and expertise through PPPs, to renew their infrastructure and services in the next ten years.
Government will encourage development of metro rail systems, including light rail systems, in the PPP mode, supported by the Central Government. Jaitley stressed that for two million plus cities, planning of metro projects must begin now and in the current fiscal, a sum of Rs 100 crore has been allocated for Metro Projects in Lucknow and Ahmedabad. (KNN/SD)
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