CRISIL say Nagpur needs nearly 1Billion $ for City development
Infrastructure Advisory Wing of Credit Rating Information Services India Limited (CRISIL), a leading rating company, has given more thrust on capital investment creating basic amenities like sewerage, storm water distribution, roads and transport in its revised City Investment Plan (CIP) of Nagpur. CRISIL has submitted the revised CIP worth Rs 4,000 crore to Nagpur Municipal Corporation (NMC) recently.
It may be mentioned that NMC had earlier identified a total investment of Rs 5,894 crore for development of the city by 2012. The civic body has commissioned preparation of a city development plan (CDP) in 2006 under Central Government-sponsored Jawaharlal Nehru National Urban Renewal Mission (JNNURM). In the CDP, NMC had given thrust on road and transport sectors while less attention was paid on sewage and storm water distribution. Sources informed that more than 70 per cent of the investments proposed under CIP are dedicated to sectors of Mass Rapid Transport System (MRTS) and traffic management, development of slums, roads and bridges while 10 per cent on water and 8.7 per cent on sewerage system. NMC had proposed Rs 590 crore for water supply and distribution, Rs 515 crore for sewerage, Rs 246 crore for storm water distribution, Rs 50 crore for solid waste management, Rs 1,600 crore for development of slums, Rs 250 crore for water recycling and reuse, Rs 1,000 crore for roads and bridges, Rs 1,500 crore for MRTS and traffic management and Rs 15 crore for social amenities in earlier plan. NMC had submitted 26 proposals of which 17 projects have been approved by Central Steering and Monitoring Committee (CSMC) of JNNURM. NMC has received approval for projects of Rs 900 crore under JNNURM.
NMC has to share Rs 270 crore for these projects while rest of the amount is contributed by Central and State Governments. Sources claimed that CRISIL has suggested to curtail present cost of total capital investment from Rs 5,894 crore to Rs 4,000 crore by 2021 in the revised CIP. However, the investment required and being made towards meeting the demands of water sector have not been considered in identifying the total investment requirements. CRISIL has suggested total investment of Rs 800 crore in sewage, Rs 1,000 crore in storm water distribution, Rs 35 crore on solid waste management, Rs 2,000 crore on roads and transport, Rs 5 crore on slum development and Rs 200 crore on providing social amenities The maximum part of the road and transport sector has recommended to specific projects to the tune of Rs 2,000 crore. Of this, Rs 1,500 crore will be spent on projects taken up on public private partnership (PPP) basis. The consultant has recommended 20 per cent on sewerage, 25 per cent on storm water drain, 1 per cent on solid waste management, 50 per cent on roads and transport and remaining on slum and social amenities. Sources confirmed that CRISIL suggestion will be discussed in general body and after consent of general body it will be submitted to State Government and thereafter to Central Government.
Summary of revised CIP Sector Investment ——————————————————— Sewerage Rs 800 crore Storm Water Drain Rs 1,000 crore Solid Waste Management Rs 35 crore Roads and Transport Rs 2,000 crore Slum Development Rs 5 crore Social amenities Rs 200 crore Summary of the previous CIP ——————————————————— Sector Investment ——————————————————— Water Supply Rs 590 crore Sewerage Rs 515 crore Storm Water Drain Rs 246 crore Solid Waste Management Rs 50 crore Slum Development Rs 1,500 crore Water Reuse Rs 250 crore Roads and Bridges Rs 1,000 crore MRTS and Traffic Rs 1,500 crore Social amenities Rs 15 crore
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