Nagpur LocalNagpur Metro

Cash Crunch Will Hamper City Metro’s Work

As we have seen the NMC hit hard with their city’s poor financial performance. Different seems to be the story of Maha Metro as well as its finances have been hindered with a major hampering of the civic body. This has led both the NMC and the NIT to provide the Maha Metro’s necessary flow of funds to run the show for various work that appears to have been working in the region. The total cost of the Metro function has cost around 8600 Crores, while the NIT and NMC have around 1200 Crores in share.

Nonetheless, with the two bodies ‘ continuing poor financial health this financial year, the Maha Metro seems to be running in a bad way. The two entities currently owe around 868 Crores, as they have only shared the whopping sum of around 228 Crores so far, according to the reports. Now both bodies have raised their hands for failing to pay the said sum thus affecting Maha Metro’s work in the city reported the company’s sources.

This is not the case with the two bodies in the region, but by not paying their share of money for the scheme, even the state and the central government flunked in their responsibilities. In the current financial year, the Maha government has yet to pay about 518 Crores, though similar is also the case with the Government. The base, however, has been prompt in paying the sum sought help from foreign agencies so far receiving no less than 1067 Crores.

Nagpur Updates

Nagpurupdates is your local/Digital news, entertainment, Events, foodies & tech website. We provide you with the happening news, Page3 Contain and all about Nagpur Foodies & Infrastructure from the Nagpur and world.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Adblock Detected

Disable Your Add Block To View Page.