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GHMC Seeks Rs 2,736 Cr from Finance Panel

Old city development, security for entire city to cost `500 cr each

Published: 20th September 2014 06:22 AM  |   Last Updated: 20th September 2014 08:05 AM   |  A+A-

HYDERABAD: The Greater Hyderabad Municipal Corporation has requested the 14th Finance Commission to sanction `2,736 crore for  developmental projects in the city during 2014-19.

Capture.JPGMayor M Majid Hussain, who made a presentation before the commission here on Friday, sought `1,000 crore for the coming financial year. The first proposal pertains to comprehensive development of the old city of Hyderabad at a cost of Rs 500 crore. The second relates to public safety in the entire city with an outlay of `500 crore.

He told commission chairman YV Reddy and members that Hyderabad would be the common capital of Telangana and Andhra Pradesh for 10 years and needed funds from the governments of the two states.

The mayor pointed out that the 11th and 12th finance commissions had not allocated any funds to the GHMC and though the 13th commission had sanctioned `505.95 crore, only Rs 115.30 crore was released by the government.

Hussain said 70 pc of the state’s revenue came from urban areas but the allocation to  ULBs was meagre. “Citizens pay various taxes to central government by way of income tax, excise duty, service tax, etc but are hard-pressed for civic amenities. This is causing dissatisfaction to them,” he said.



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