Bhopal Municipal Corporation To Borrow ₹493 Crore For AMRUT 2.0 Projects As ₹200 Crore Bond Plan Fails, Council Meeting Sees Uproar
Bhopal (Madhya Pradesh): Bhopal Municipal Corporation (BMC) will take a loan of Rs 493 crore to complete projects under AMRUT 2.0, abandoning its earlier plan to raise Rs 200 crore through bonds. The proposal was approved amid uproar and questions by a majority vote during the municipal council meeting on Saturday. AMRUT 2.0 covers several projects, including water supply, four sewerage packages…
Bhopal's municipal council has decided to borrow Rs 493 crore to fund various projects under AMRUT 2.0, after abandoning its plan to raise Rs 200 crore through bonds. The corporation will secure the funds primarily through government contributions, with the central government contributing 25%, the state government 58%, and the corporation 17%.
The projects, costing around Rs 1,757 crore, include water supply improvements, sewerage upgrades, and lake rejuvenation. The council also approved leasing out the service block on Atal Bhawan's ground floor for 10 years and the cafeteria on its first floor for three years. A proposal to lease a hawkers corner near Nutan girls college has been postponed for further safety considerations.
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