Twin cities will require Rs. 6,244 crore investment by 2041, says CRISIL

City development plan being prepared for Hubballi- Dharwad

January 29, 2015 12:00 am | Updated 05:40 am IST - HUBBALLI:

Hubballi-Dharwad Mayor Shivu Hiremath, Aravind Bellad, MLA, and HDMC Joint Commissioner Shakeel Ahmed at a stakeholders meeting on the city development plan in Hubballi on Wednesday.—Photo: Kiran Bakale

Hubballi-Dharwad Mayor Shivu Hiremath, Aravind Bellad, MLA, and HDMC Joint Commissioner Shakeel Ahmed at a stakeholders meeting on the city development plan in Hubballi on Wednesday.—Photo: Kiran Bakale

Credit Rating Information Services of India Ltd. (CRISIL), which has been commissioned by the Union government to prepare a city development plan (CDP) for Hubballi- Dharwad under the capacity building for urban development (CBUD) scheme, has said that the twin cities required investment to the tune of Rs. 6,244 crore by 2041 for providing efficient services to the people.

Making a presentation at a stakeholders meeting organised for finalising the CDP for the twin cities, CRISIL manager Ramesh Turaka said that they had arrived at the investment requirement after considering data collected from government departments and feedback from the stakeholders meeting held earlier.

Presenting the executive summary of the CDP, Mr. Ramesh said that while the investment required for the twin cities by 2021 was Rs. 4,166 crore, it was Rs. 6,244 crore by 2041. He clarified as few projects on water supply and sewerage and sanitation were under way and they had put the investment requirement for them at Rs. 489 crore and Rs. 566 crore respectively.

Mr. Ramesh said that major investment required for the twin cities by 2041 was in the area of urban roads, traffic and transport which was around Rs. 2,756 crore. While there was investment requirement of Rs. 490 crore for storm water drains, it was Rs. 544 crore for housing and urban services for the poor and Rs. 438 crore for the social infrastructure.

Clarifying that the CDP was subject to revision depending on the development of the cities, he requested the stakeholders to submit their suggestions to them through the emails mentioned on the HDMC website before February 10 so that they could incorporate them before finalising the CDP. Clarifying that the CDP was different from the comprehensive development plan, CRISIL Associate Riby Mathew said that the CDP was a framework for the city’s development and the detailed projects had to be worked out separately.

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