The richest civic body of the country has Rs 61,000 crore in the form of bank deposits.
Opposition party leaders who drove home this fact at the general body meeting of the civic administration on Friday, started reprimanding the Brihanmumbai Municipal Corporation for its 'underperformance'.
The question raised was - Why did the administration fail to spend money on upgrading the city’s infrastructure and civic amenities? Yashwant Jadhav, the leader of the house, stated that BMC has utilised only 25% of the funds from the financial budget of 2016-17.
Sanjay Mukherjee, Additional Municipal Commissioner (BMC) informed the house that BMC does indeed have fixed deposits to the tune of Rs 61000 crore, earmarked for development works. The fund which needs to be utilised for future projects and upgradation are deposited in the bank. These include-
Coastal Route – Rs 15,000 crore
Goregaon-Mulund Link Road – Rs 2,348 crore
Development Planning Department – Rs 2,096 crore
Deonar – Rs 877 crore
Solid Waste Project – Rs 9,845 crore
Gargai dam project – Rs 1,820 crore
Pinjal project – Rs 14,390 crore
Total – Rs 46,642 crore
The BMC however is not in a position to utilise all the funds as they are locked. Rais Shaikh, Samajwadi Party group leader claimed that Rs 8,266 crore is all the amount that is being spent by the BMC for basic amenities. Manoj Kotak, Group Leader (BJP) questioned the civic body's ambivalence in granting a Rs 1000 crore budget to sister concern BESR in spite of having such humongous bank deposits. Jadhav has sought an explanation and the relevant papers of the fixed deposits within the next six months.