Updated On: 23 January, 2024 04:48 AM IST | Mumbai | Prajakta Kasale
Barring Coastal Road, no major project got funded this financial year, as per data accessed by mid-day; city boss promises sea change in the months to come

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Despite the Brihanmumbai Municipal Corporation (BMC) allocating Rs 27,000 crore for infrastructure, only funds set aside for the first phase of the Coastal Road are being used, while budgetary provisions for projects such as sewage treatment plants, the concreting of roads and the tunnel of the Goregaon-Mulund Link Road are gathering dust. Even the civic body’s proposal to be made the metropolis’s sole planning authority exists only on paper.
The civic body announced a Rs 52,619-crore budget for 2023-24 despite having an estimated revenue of Rs 34,451 crore. THE BMC planned to fetch Rs 18,746 crore from fixed deposits (FDs) to support crore projects worth Rs 27,247. The BMC had R86,400 crore in FDs at the end of March 2023 and the amount is even after a year.