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PMC plans to construct four bridges by issuing credit notes

The civic body has planned to build roads and bridges on public-private partnership (PPP) by issuing credit certificates to be used by developers for paying charges pertaining to building permission fees and premium fares

Updated on: Oct 12, 2023 06:38 AM IST
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Pune: The Pune Municipal Corporation (PMC) has received a positive response for its credit note system for different road development projects. Apart from the present projects, including a bridge in Mundhwa, worth over 130 crore, the civic body plans to build four bridges in Mohammadwadi.

In the fiscal year 2023-24, PMC has undertaken road and bridge projects totalling around  ₹500 crore through the credit note system. (HT PHOTO)
In the fiscal year 2023-24, PMC has undertaken road and bridge projects totalling around ₹500 crore through the credit note system. (HT PHOTO)

The civic body has planned to build roads and bridges on public-private partnership (PPP) by issuing credit certificates to be used by developers for paying charges pertaining to building permission fees and premium fares. It can also be used to make payments of property tax, sky sign tax, road digging and water charges.

In the fiscal year 2023-24, PMC has undertaken road and bridge projects totalling around 500 crore through the credit note system.

PMC has planned four bridges in Mohammadwadi in Hadapsar, Ramtekdi Industrial Estate (survey number 40 to 76); bridge in survey number 12, 13, 30, 32, and survey number 57, Mundhwa railway station area and bridge in survey number 1, 2, 3, 4, and 57, 58, 59, 96.

The PPP model is the most discussed development model in PMC budget-2021-22 after it faced financial crisis post Covid pandemic.

 
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