​​​
  1. BMC budget size cut by Rs 12,000cr; Rs 1000cr for coastal road

BMC budget size cut by Rs 12,000cr; Rs 1000cr for coastal road

A sum of Rs 1,000 crore was today earmarked for the ambitious coastal road project in the BMC budget whose size was cut by nearly Rs 12,000 crore to Rs 25,141 crore for the next fiscal.

By: | Mumbai | Published: March 29, 2017 6:44 PM
The budget outlay of the Brihanmumbai Municipal Corporation (BMC) for 2017-18 was Rs 25,141 crore, significantly down from Rs 37,052 crore last year.

A sum of Rs 1,000 crore was today earmarked for the ambitious coastal road project in the BMC budget whose size was cut by nearly Rs 12,000 crore to Rs 25,141 crore for the next fiscal. The budget outlay of the Brihanmumbai Municipal Corporation (BMC) for 2017-18 was Rs 25,141 crore, significantly down from Rs 37,052 crore last year.

This was the first budget of the BMC after its new general body was elected in February. The February 21 election saw the Shiv Sena emerging as the single largest party and retaining its control on the country’s richest civic body.

This was municipal commissioner Ajoy Mehta’s second BMC budget after he took charge in April 2015.

You may also like to watch:

The budget allocated Rs 1,000 crore for the coastal road to be built along Mumbai’s western sea front. The proposed 35.6 km arterial road will connect Nariman Point in South Mumbai to the city’s western suburb of Kandivli, easing vehicular movement.

The allocation for the roads department, which was mired in allegations of irregularities in awarding contracts, stood at Rs 1,095 crore, far less compared to Rs 2,886 crore last year.

The BMC earmarked Rs 12,874 crore for the capital expenditure that will fund infrastructure projects like roads, storm water drains and water supply.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top