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Rs.24.30-crore aid for Corporation

S. Ganesan

90 km of Tiruchi roads to be relaid


Tenders to be invited in 15 days

Over 150 works to be taken up, says Commissioner


TIRUCHI: Tiruchi Corporation has got a financial assistance of Rs.24.30 crore from KfW, a German development bank, for re-laying about 90 km of city roads along with storm water drains.

The Corporation has been allotted the sum from the Rs.500 crore assistance from the bank for implementing infrastructure projects in various local bodies in Tamil Nadu, officials said.

The Corporation Council had approved the proposal only last week and it got the nod at a high level meeting chaired by Local Administration Minister M.K.Stalin at Chennai on Tuesday.

The meeting was attended, among others, by Finance Secretary, Municipal Administration Secretary and Commissioner of Municipal Administration.

Commissioner T. T. Balsamy, who made a presentation on the project at the meeting, told The Hindu that the assistance would come by way of credit-cum-subsidy.

While Rs.16.87 crore would be a loan, Rs.5 crore would come as a grant.

The remaining 10 per cent of the project cost, amounting to Rs.2.43 crore, would be contributed by the Corporation from its general funds.

The Corporation had drawn up the project to repair some of the arterial roads that have suffered damages repeatedly during the monsoon seasons since 2005.

The Corporation had been pressing for a major financial package from the government after the city missed out on the national infrastructure development projects such as the Jawaharlal Nehru National Urban Renewal Mission.

This is the second major infrastructure project to be supported by a foreign funding agency in the city.

Mr.Balsamy said over 150 works were planned to be taken up utilising the funds.

Important among them would be relaying of some of the arterial roads, including the Thillai Nagar Main Road, with storm water drains on both flanks.

Some interior roads would also be repaired.

“We would get the type designs ready soon and are working on calling the tenders for the project within the next 15 days. We want to execute the works at the earliest,” said Mr.Balsamy.

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