ISCDL seeks Rs 100 crore loan for road construction & infra projects
Indore:
Indore Smart City Development Limited
(ISCDL) will procure a loan of around Rs 100 crore to fund the construction of various roads and other infrastructure projects in the city.
Indore Municipal Corporation (IMC) commissioner Shivam Verma said the loan will be specifically utilised for
road construction initiatives
undertaken by ISCDL, along with some other ongoing and proposed development works. "ISCDL possesses certain land parcels, including that of the MOG Line. These assets will be monetised to repay the loan," he stated.
ISCDL has also put forward a proposal for reconstruction of some of the civic body's old markets. If this proposal receives the necessary approvals, it is expected to generate additional income for the Smart City project through consultancy fees.
IMC begins construction of 23 major roads separately
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IMC has separately started construction of 23 major roads of the Master Plan that necessitated removal of hurdles. In the construction of these 23 roads, IMC commissioner Shivam Verma has explicitly directed the officials to ensure that all necessary utility work is completed before road construction commences. This includes the laying of sewerage lines, stormwater lines, water distribution lines, and any other essential infrastructure.
He has emphasised the mandatory requirement of verifying the presence of all necessary utilities on-site, in accordance with the road drawings and designs, before any road work begins.
Verma firmly instructed that no road should be excavated under any circumstances once constructed. Additionally, he stressed the importance of maintaining work quality and adhering to timelines during the execution of projects.
It is pertinent to note that construction of the road from Bicholi Hapsi via Bhuri Tekri to Nayta Mundla is currently underway. Among the remaining 22 roads, work is in progress on five Master Plan roads in the first phase. These include a 1200-metre long and 30-metre wide Link Road from TCS to MR 5; a 1700-metre long and 24-metre wide road from MR 5 (Bada Bangarda to PMAY Multi); a 3650-metre long and 30-metre wide road from Advance Academy to Ring Road; a 1920-metre long and 30-metre wide road from Jamjam Chauraha to Star Chauraha; and a 580-metre long and 30-metre wide road from Sanwer Road Petrol Pump to Shivshakti Nagar Hanuman Mandir.
Indore: Indore Smart City Development Limited (ISCDL) will procure a loan of around Rs 100 crore to fund the construction of various roads and other infrastructure projects in the city.
Indore Municipal Corporation (IMC) commissioner Shivam Verma said the loan will be specifically utilised for road construction initiatives undertaken by ISCDL, along with some other ongoing and proposed development works. "ISCDL possesses certain land parcels, including that of the MOG Line. These assets will be monetised to repay the loan," he stated.
ISCDL has also put forward a proposal for reconstruction of some of the civic body's old markets. If this proposal receives the necessary approvals, it is expected to generate additional income for the Smart City project through consultancy fees.
IMC begins construction of 23 major roads separately
IMC has separately started construction of 23 major roads of the Master Plan that necessitated removal of hurdles. In the construction of these 23 roads, IMC commissioner Shivam Verma has explicitly directed the officials to ensure that all necessary utility work is completed before road construction commences. This includes the laying of sewerage lines, stormwater lines, water distribution lines, and any other essential infrastructure.
He has emphasised the mandatory requirement of verifying the presence of all necessary utilities on-site, in accordance with the road drawings and designs, before any road work begins.
Verma firmly instructed that no road should be excavated under any circumstances once constructed. Additionally, he stressed the importance of maintaining work quality and adhering to timelines during the execution of projects.
It is pertinent to note that construction of the road from Bicholi Hapsi via Bhuri Tekri to Nayta Mundla is currently underway. Among the remaining 22 roads, work is in progress on five Master Plan roads in the first phase. These include a 1200-metre long and 30-metre wide Link Road from TCS to MR 5; a 1700-metre long and 24-metre wide road from MR 5 (Bada Bangarda to PMAY Multi); a 3650-metre long and 30-metre wide road from Advance Academy to Ring Road; a 1920-metre long and 30-metre wide road from Jamjam Chauraha to Star Chauraha; and a 580-metre long and 30-metre wide road from Sanwer Road Petrol Pump to Shivshakti Nagar Hanuman Mandir.
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