Business Daily from THE HINDU group of publications
Wednesday, Jul 08, 2009
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Urban Development
States - Maharashtra
Budget outlay for Mumbai’s drainage plan not sufficient

Our Bureau

Mumbai, July 7 The Budget announcement of an additional Rs 300 crore to speed up work on the Brihanmumbai Storm Water Drainage Project could just end up being a drop in the ocean as a lot more money would be needed for this exercise. All in all, Rs 500 crore has been earmarked for this project, initiated in 2007, when its estimated cost was Rs 1,200 crore.

Mr Bipin Patel, Executive Director, Ramky Infrastructure, told Business Line that Mumbai would require at least Rs 5,000-7,000 crore for a proper drainage system. “Drainage and sewer systems are built after factoring in population growth for the next 50 years. Large funds are needed to upgrade the system in Mumbai,” he said.

According to Mr Patel, if the city had better wastewater treatment plants, water could be recycled for non-drinking purposes. A smaller municipality, such as Thane near Mumbai, can have plans to sell recycled water to industries, he said.

Delay concerns

A senior State official said the drainage project was being delayed, which was worrying authorities. Continuous bickering between the Municipal Corporation of Greater Mumbai and Mumbai Metropolitan Region Development Authority over the finer points of its implementation was hardly helping the cause either, he added.

The Senior Director with ICICI Ventures, Mr Shailesh Pathak, welcomed the increase in funds for the project as it was the first major step taken after the July 26 flooding in 2005 to come out with a solution.

More Stories on : Urban Development | Budget | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Budget outlay for Mumbai’s drainage plan not sufficient


Service tax on coastal transport raises many a query
More funds for Bharat Nirman, NREGA to boost rural growth
Budget Talk
Budget lacks imagination: Analysts
Patients to benefit on some segments
Farmed out
Funds allocation for Defence sector up 34%
IT industry sees valid case for tax holidays
Domestic institutions, retail traders capitalised on big fall
Budget belies the Survey promise
No cap on ultra mega power project allocation to single firm
Budget decision could drill hole in oil co finances
‘Natural gas’ tax holiday only for NELP-VIII blocks
Tax treatment weighs on new pension scheme
Rise in core sector spends likely to benefit realty indirectly
‘Well-crafted test match, rather than a 20-20 knock ’
Service tax on law firms evokes mixed response
Higher State grants to offset fall in tax transfers
Inflation measures: Incomplete, irrelevant?
‘Budget is positive for farm pumps sector’
‘Green’ push to rural telecom
Core sector funding: Banks await details
Reliance-RNRL case: SC issues notices
Reliance tumbles to pre-election result level
Commodity prices may go up
‘Little stimulus for textile sector’
Budget plans will spur textile sector growth to 7-8%: Maran
Desalination proposal gets nod
Govt allocates Rs 2,113 cr for IITs, NITs
No new taxes is good news, say realty cos
Realty firms disappointed with Budget
Exemption to prefab concrete products welcomed
TN to make guideline value of land statutory
CII-Kerala hails Budget proposals
Industry welcomes Budget proposals
Karnataka Cabinet okays new biotech policy
Guidelines on Rajiv Awas Yojana soon
Seminar on e-governance
Manmohan to take up economic crisis issue at G8-G5 meet
Oilmeal exports decline 33% in June on slowdown
Kerala Tourism’s Net initiative launch today




The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line