The Pune Municipal Corporation (PMC) is making strategic moves to enhance sewage management in 23 newly included villages. Initially planning to secure a loan from a domestic bank, PMC has shifted its focus to seeking a more favorable loan from the Japan International Cooperation Agency (JICA) due to lower interest rates.
With the Maharashtra State Government merging these villages into PMC to accommodate rapid growth, the need for comprehensive sewage infrastructure is evident. PMC has allocated Rs 1,367.94 crores for this purpose, including the development of sewerage channels spanning 471 km and seven sewage treatment plants with a combined capacity of 201 MLD.
Recognizing the financial benefits of JICA loans, PMC aims to secure 85% of the project cost at low-interest rates through ongoing discussions. This shift in funding strategy highlights the corporation’s commitment to executing infrastructure projects efficiently and sustainably.
By leveraging JICA funding, PMC hopes to expedite the implementation of a modern sewage management system to meet the needs of the growing population in the newly merged villages. With a critical meeting scheduled for June 10, PMC is on track to finalize the funding arrangement and propel the project forward.
Thanks For Reading Report of Punepress.com