Chandigarh, February 7
The MC plans to introduce municipal bonds to raise funds in the market for its ambitious projects in the next fiscal year.
“We plan to introduce municipal bonds by seeking technical assistance from the Department of Treasury, International Affairs, United States. Through this, we will be able to raise funds from the market to fund our ambitious projects where huge down payment is needed for the welfare of our residents,” Mayor Anup Gupta said during his speech at the Bedroom. Some of the companies in the country have followed this practice. —TNS
What’s new
- Rs 5.50 cr for the installation of solar panels on all MC buildings
- Rs 30 cr for the establishment of a new integrated solid waste treatment plant, which will convert wet waste into CNG
- Works to obtain ISO certification for all wastewater treatment plants
- Upgrading of all “gaushalas” and installation of effluent treatment stations with evacuation of cows
- Rainwater harvesting system
- Two more Amrit Sarovars will be developed this year
