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Andhra Pradesh - Tirupati Printer Friendly Page   Send this Article to a Friend

Medical college project faces funds crunch

A.D. Rangarajan

Chief Minister to lay stone today; SVIMS plans to go in for loan

TIRUPATI: Even as SVIMS University is preparing to get a stone laid for its medical college by Chief Minister Y.S. Rajasekhara Reddy on Thursday, its financial situation appears to be more complex than what meets the eye.

It is proposed to establish Sri Padmavathi Medical College near Renigunta airport.

Of the promised 150 acres, the Government has handed over 61 acres in Kurukalva under Jeepalyam to SVIMS, while an adjacent 33 acre-piece under dispute is expected to be alienated soon.

Initial plan

The management has actually planned to have a college-cum-hospital on its Alipiri campus, adjacent to Ruia hospital, by making use of the hitherto unused OPD, physiotherapy and nursing college blocks and the orthopaedic wing of BIRRD hospital.

Perhaps, seeing redundancy in having two general hospitals in the locality, the Government is understood to have advised authorities to shift it to Renigunta to reach out medicare to bordering Nellore and Kadapa districts.

As committed funds are likely to get delayed, SVIMS is facing a crunch to meet its immediate needs.

Matching grant

While the centre has assured Rs.60 crores under the Prime Minister Swasthya Suraksha Yojana, the State has directed the TTD to pay a matching grant. The latter has agreed to spend Rs.40 crores on buildings and Rs.20 crores for equipment over a period of three to four years.

Rejecting a plea for Rs.24 crores more, the TTD board has okayed Rs.4.13 crores as one-time grant.

With this, SVIMS is left with very meagre funds. Further, it is finding it hard to extract the reimbursement receivable from State/Central Governments, APSRTC, Transco, BSNL, ESI, etc.

Finally, the management is forced to go for loan.

MCI nod

"We are considering taking a loan from HUDCO or any bank, but the amount is yet to be ascertained," Registrar, V.S.R. Anjaneyulu, has said.

Though things are unlikely to move faster, the management has set an ambitious target of getting the 300-bed functioning hospital ready by November 2006 so that the MCI could give its nod for the college project.

`Functioning' means buildings, procurement of medical equipment, recruitment of medical and paramedical staff, semi-finished college building, all in a year.

The management is bracing to get the stone laid and set the ball rolling.

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