BMC focusses big on Mumbai infra projects, to dip into reserves for expenses ...Middle East

Mumbai: The BrihanMumbai Municipal Corporation (BMC) has focussed big on completing ongoing mega-infrastructure projects in Mumbai for which it plans to deploy its huge reserves which fetch low rates of interests selectively as is the practice since 3 years, BMC Commissioner I.S. Chahal said on Friday. Of the total reserves of Rs 84,824.07 crore, the BMC holds Rs 39,064.86 crore towards committed liabilities and the remaining Rs 45,759.21 crore are being linked to various infra projects and funnelled towards capital expenditure to ensure world-class infrastructure for Mumbai. In the BMC budget for 2024-2025, the projects listed are the Mumbai Coastal Road Project of which Phase I is 84 per

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