Navi Mumbai civic budget stresses on infra projects | mumbai | Hindustan Times
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Navi Mumbai civic budget stresses on infra projects

mumbai Updated: Feb 16, 2011 02:30 IST
G Moiuddin Jeddy
G Moiuddin Jeddy
Hindustan Times
G. Moiuddin Jeddy

The Navi Mumbai Municipal Corporation (NMMC) presented a budget of Rs 1,836 crore to the Standing Committee for approval on Tuesday.

As promised during the civic elections in 2005 by the ruling party, there is no hike in taxes in this year’s budget. The budget presented by municipal commissioner Bhaskar Wankhede proposed receipts of Rs1,835.98 crore against an expense of Rs1,835.35 crore. It expects a surplus of Rs 62.34 lakh.

The proposed receipts include Rs 68.25 lakh carried forward from last year’s

budget. Funds amounting to Rs 835 crore will also be sourced from the Jawaharlal Nehru National Urban Renewal Mission (JNNURM),Mumbai Metropolitan Region Development Authority (MMRDA), Housing and Urban Development Corporation Ltd (HUDCO) and from government grants.

Wankhede, who has recently taken over as commissioner, assured full utilisation of the budget allocation this time unlike last year when only 60% of it was implemented. “We have learnt from the past mistakes and they will not be repeated,” he said.

The budget will ensure new projects to tap non-conventional energy sources, education for tribals, development of amusement parks near Morbe dam and Adhavli Bhutavli and an iconic tower on the lines of Eiffel tower in the city. The state and Thane guardian minister Ganesh Naik had in 2005 promised that taxes would not be hiked in the city for the next 20 years.

The budget does not propose any hike in cess, property tax or water charges in the city. However, cess rates have been increased on alcohol from the existing 2% to 4%, and from 1% to 2% on tobacco products.

Wankhede said, “We are ensuring adequate recurring revenue generation from various sources, including various power projects and amusement parks, to help the corporation payback loans taken from various institutions.”

Highlighting various measures to address traffic woes, Wankhede said, “We have addressed traffic management issues by planning additional concrete roads in MIDC area, elevated coastal road from Vashi to Ghansoli and multi-storeyed parking facilities at Vashi and Nerul.”