‘Revolving Fund for Corpns on Cards’

With municipal corporations such as BBMP reeling under debts, the state government is contemplating setting up a revolving fund for municipal corporations.

Published: 20th December 2013 08:58 AM  |   Last Updated: 20th December 2013 08:58 AM   |  A+A-

With municipal corporations such as BBMP reeling under debts, the state government is contemplating setting up a revolving fund for municipal corporations.

Urban Development Minister Vinay Kumar Sorake announced this on Thursday and said the revolving fund will provide financial support to municipal corporations and a final decision on this will be taken soon.

He said the Urban Development Department alone may not be able to fix all the problems and other civic agencies should cooperate as well. He added that land acquisition is one of the biggest obstacles for many development projects taken up for town planning.

Karnataka Urban Water Supply and Drainage Board MD Rajeev Chawla said it was high time that water tariffs in the stater were increased.

“In houses in Mysore, Belgaum, Dharwad, people do not care about money and use drinking water for washing their cars, bathing their dog and so on. This is because of the low rates for higher use of water,” he said.

He said another problem with the state’s water supply is that it is managed by multiple agencies.

Chawla also stressing the need for water audits and said they would help understand the demand, supply and wastage of water and provide them a direction for planning for the future.

“An asset inventory also needs to be created to store maps of pipes laid,” he said.

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