Leader of Opposition in the Bruhat Bangalore Mahanagara Palike (BBMP) B. Nagaraj has demanded a White Paper on the civic utility's financial condition for 2008-09 and 2009-10.
He told presspersons here on Tuesday that the BBMP had loans amounting to Rs. 6,000 crore, while revenue generation was just around Rs. 1,000 crore.
“The utility also has outstanding loans amounting to several crores with 11 banks. We will discuss this issue threadbare in the next Council meeting,” he said. He criticised the proposal on tunnel roads announced by Transport Minister R. Ashok. “Road-widening has been announced for 512 km in the city.
While tenders for a few have been floated, work has begun on some stretches. It seems that the tunnel roads have been proposed at Avenue Road (between City Market and Mysore Bank Circle) to protect owners in this commercial area.” He charged the Government with having vested interest in the project.
“Why are only common people burdened with Transfer of Development Rights? They should be paid compensation as per the market rates, like the Bangalore Metro Rail Corporation does after acquiring land,” he said.
