Noida authority looks at sustainable ways to raise funds for civic amenities
The decision to form a ‘financial sustainability model’ came at the meeting chaired by the Uttar Pradesh industrial development department principal secretary and chairman of the Noida authority Alok Sinha.noida Updated: Jun 23, 2017 21:49 IST
The authority on Friday decided to prepare a ‘financial sustainability model’ to raise funds for maintenance of civic amenities.
The objective is to develop a model that enables the authority to earn regular revenue that can be used to provide better civic facilities.
The decision to form a ‘financial sustainability model’ came at the meeting chaired by the Uttar Pradesh industrial development department principal secretary and chairman of the Noida authority Alok Sinha.
Sinha also issued directions to the Noida authority chief executive officer Amit Mohan Prasad to make a ‘drainage master plan’ to rid the city of waterlogging, formulate an advertising policy to regulate roadside hoardings, improve sanitation and create an environment conducive for business.
“We will hire a private agency in the next two-three months. The agency will help the authority to make a financial sustainability model. The authority should develop revenue sources that will keep filling its coffers. The authority should figure out ways to generate revenue even after 10 years when it will sell the land bank that has been its main source of income,” said Sinha.
The authority is expected to ready the sustainability model in the next six months.
Apart from this, the authority will focus on regular cleaning of drains and not just ahead of the rainy season.
“Why should we clean drains only in the rainy season? There should be a master plan for the drainage system so that we can understand design issues and address them. If we do it properly, there will be no waterlogging or choking of drains,” Sinha said.
In the absence of a proper policy to regulate advertisements in the form of banners, hoardings, unipoles, etc, the authority has failed to make revenue out of the activity and ended up wasting precious public space.
“We will formulate an advertising policy soon. Apart from this, we will emphasise on developing a garbage disposal mechanism so that sanitation issues are addressed,” said Amit Mohan Prasad, authority CEO.
Sinha directed the authority to look into issues that has delayed the landfill site in Greater Noida’s Astoli.
“We will put in place a system to collect solid waste and ensure that it is disposed of scientifically,” Prasad said.