Kerala - Thiruvananthapuram   

Restructuring package for KWA

Thiruvananthapuram: Finance Minister T.M. Thomas Isaac has announced a comprehensive restructuring package for the Kerala Water Authority (KWA), envisaging writing off of interest on loans worth Rs.1,006 crore, besides converting loan amount of Rs.839.60 crore as an interest-free fund.

Dr. Isaac said in his budget speech that the package will be implemented this year itself, which is also KWA’s sliver jubilee year. The Finance Minister hopes to equip KWA to raise commercial loans by cleaning its balance sheet. He has promised reduction of distribution loss from 35 per cent to 15 per cent by improving efficiency and collection of arrears besides building up a healthy interface with consumers. These measures would eventually enable KWA to function on a no-loss no-profit basis. Dr. Isaac announced measures to revive several stalled drinking water projects through additional loans and financial assistance available from the Centre.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

SIET gears up to help students face exams
State on path of fiscal stability
BJP: budget will spur price rise
Major allocation for energy, irrigation
Health insurance scheme planned
Hike in Plan funds carryover for local bodies
Sales tax cess will be inflationary: UDF
Increase in Plan aid to universities
Meet on tribal land issue
Shot in the arm for health
Helping hand to ailing KSRTC
Restructuring package for KWA
Nod for Trade Fair Authority
‘Budget lacks a capital thrust’
Restructuring package for KWA
Vizhinjam project to get Rs.25 crore
Underwater scientific device reported missing
LDF welcomes cardinal’s stand
No benamis to be allowed in liquor industry
Gender Board to be formed
Five new police stations announced
New package for evictees

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu