The Brihanmumbai Municipal Corporation (BMC) has spent more than 88 per cent of its budget allocation for developmental projects during the fiscal year 2020-21, officials said. They added that the rise in the money spent on capital expenditure has provided a boost to various infrastructure projects in Mumbai.
Although the coronavirus pandemic remained a key focus for the civic body, it used ₹9,676.97 crores on capital expenditure out of the allotment of ₹10,903.58 crores in FY 2020-21, amounting to 88.75 per cent. This is now the highest amount spent by the civic body in 11 years, officials said.
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“In the financial year 2020-21 up to March 31, the BMC administration, which collected the highest property tax in the history of the Mumbai municipal corporation, has now set a record of capital expenditure on various development projects in the city,” a senior civic body official was quoted as saying.
The civic body managed to spend 69.67 per cent of the budget allocations on developmental works in the 2018-19 fiscal year. The spending increased to 87.70 per cent in FY 2019-20.
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The current fiscal year has seen funds going into the Coastal Road Project, the Mulund Link Road (GMLR), sewerage projects, developmental plans, roads and transportation, water supply, healthcare infrastructure, stormwater drains, bridges, and towards solid waste management, to name a few.
Additional Municipal Commissioner (Projects), P Velarasu expressed positivity on this new development while crediting Municipal Commissioner Iqbal Singh Chahal for achieving this milestone. Chahal reportedly carried out monthly reviews of the projects undertaken by the BMC.
“Due to the municipal commissioner's review of the major projects and teamwork of officials and workers, the pace of execution has got an impetus, despite hurdles due to the pandemic. The percentage of expenditure on development projects this year is the highest in the last 11 years and the increase in capital expenditure despite the challenge posed by the pandemic is definitely a positive and commendable thing,” he said.
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