PMO boost for city’s Mission Shanghai
Sanjay Dutta & Mahendra Kumar Singh | TNN
New Delhi: Following up on Prime Minister Manmohan Singh’s ambitious vision to turn Mumbai into Shanghai, the PMO has has sought a report card on the projects either in the works or on the drawing board to transform the country’s financial capital into a world-class city by 2020.
The intervention could act as the providential life-saver for the Rs 228,000 crore initiative and turn it into reality.
In a communication to all the central ministries concerned last week, the PMO sought details of the projects and the amount of assistance required from the Centre. It has focused on redeveloping slums, easing traffic in the suburban rail system and roads, rationalisation of environmental clearances andmodernising air and sea links, besides developing the eastern seafront.
According to a presentation made before the PMO, the central government will pump Rs 12,000 crore through its Jawaharlal Nehru Urban Renewal Mission (NURM) for crucial projects.
For the Rs 228,000 crore redevelopment plan, the government will raise Rs 120,000 crore through private equity and user charges while Rs 81,000 crore will come through public sector equity and development charges. Rs 15,000 crore will be raised from public borrowing.
For its ambitious Rs 4,000 crore Mumbai Transharbour Link project, the city will get Rs 1,400 crore via NURM support. The urban development ministry will provide Rs 832 crore in central assistance for the Rs 2,376 crore Mumbai Sewage Disposal Project II.
The PMO has sought details of central assistance given for crucial infrastructure projects—the Bandra-Worli sealink, the Western Freeway sealink project linking Worli to Nariman Point, the Mumbai urban infrastructure project and Mumbai transport projects.
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:) :) :)
Sanjay Dutta & Mahendra Kumar Singh | TNN
New Delhi: Following up on Prime Minister Manmohan Singh’s ambitious vision to turn Mumbai into Shanghai, the PMO has has sought a report card on the projects either in the works or on the drawing board to transform the country’s financial capital into a world-class city by 2020.
The intervention could act as the providential life-saver for the Rs 228,000 crore initiative and turn it into reality.
In a communication to all the central ministries concerned last week, the PMO sought details of the projects and the amount of assistance required from the Centre. It has focused on redeveloping slums, easing traffic in the suburban rail system and roads, rationalisation of environmental clearances andmodernising air and sea links, besides developing the eastern seafront.
According to a presentation made before the PMO, the central government will pump Rs 12,000 crore through its Jawaharlal Nehru Urban Renewal Mission (NURM) for crucial projects.
For the Rs 228,000 crore redevelopment plan, the government will raise Rs 120,000 crore through private equity and user charges while Rs 81,000 crore will come through public sector equity and development charges. Rs 15,000 crore will be raised from public borrowing.
For its ambitious Rs 4,000 crore Mumbai Transharbour Link project, the city will get Rs 1,400 crore via NURM support. The urban development ministry will provide Rs 832 crore in central assistance for the Rs 2,376 crore Mumbai Sewage Disposal Project II.
The PMO has sought details of central assistance given for crucial infrastructure projects—the Bandra-Worli sealink, the Western Freeway sealink project linking Worli to Nariman Point, the Mumbai urban infrastructure project and Mumbai transport projects.
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:) :) :)
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