Ludhiana: To complete the ongoing development work, Corporation Municipal will eat RS 100 Crore Bank loans by pawning for its main property.
The board members nodded at the resolution at the General House MC meeting on Tuesday.
The MC also approved the revised budget for this year.
For, more work happens in the city in the past few months, with it being an election year.
The Civic body will eat for 14 years.
Without it, the MC who lacks money will find it difficult to clean up contributions, such as making payments to the contractor, with available resources.
The tomb of the Balkar Sandhu said, “Works RS 350 Crore is taking place or at the tender stage.
When these works will be carried out, how will we remove the extraordinary contractor payment? That is why it is necessary to loan.
We took it for 14 years, so it didn’t It would be a big burden on the MC ExficeQuer.
“Also, the house revised the annual budget for the road from Rs 35 Crore to Rs 150 Crore, street construction and maintenance from RS 40 Crore to Rs 108 Crore, buying machines from RS 15 Lakh to RS 1.5 Crore, Water supply, and water tank from Rs 1.20 Crore to RS 3 Crore, serves from RS 9 Crore to RS 15 Crore and Frame Guidance Working from Rs 25 Lakh to Rs 50 Lakh.
The RS 50-CR budget target increases for branch construction, the house also provides a nod to RS 50 Crore to increase the annual branch of the building’s annual income target, where some rental or rentals for the past years can be sold to tenants and rent some major properties revised.
In the meeting, 44 resolutions were saved and except for a few, mostly approved.
In addition, more than 15 tables are installed and given approval.
The agenda was read for more than half an hour, but without detailed discussion.
MC to take loan RS 100 CR for DEVP work
