Where will the funds for projects come from, asks Opposition

March 12, 2011 11:49 am | Updated 11:49 am IST - Bangalore:

With the Karnataka High Court directing the Bruhat Bangalore Mahanagara Palike (BBMP) to take up the works specified in the Rs. 3,400-crore “midnight tenders”, the question that Opposition leaders are asking is where will the funds come from?

Opposition Leader in the BBMP Council M. Nagaraj said the BBMP was already neck-deep in debt. “How will the civic authority take up these works? Will the State Government give funds? The BBMP already has loans totalling Rs. 3,000 crore and pending bills of around Rs. 4,000 crore. Will it borrow more to take up these works?” he said. Up to March 1, the total revenue of the BBMP was just around Rs. 1,400 crore. “The BJP presented a very ambitious budget for 2010-11,” he said.

Echoing this, Janata Dal (Secular) Floor Leader Padmanabha Reddy said that the works specified in the “midnight tenders” were not reflected in the BBMP budget.

‘Yet to be done'

“The works mentioned in the budget are yet to be implemented and the BJP is gearing itself for the next budget…

“The works taken up when H.D. Kumaraswamy was the Chief Minister have still not been completed. All these projects will remain on paper for a long time,” he added.

Mayor happy

Mayor S.K. Nataraj welcomed the court's judgment. He said the BBMP had already availed itself of loans for these projects as they were mentioned in the previous year's budget (2009-10). “The only thing remaining now is to accord approval for the projects. They will be tabled in Council after approval in the respective Standing Committees,” he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.