94% expenditure marked for road, bridge, infra projects in MMRDA budget
The Mumbai Metropolitan Region Development Authority's budget for fiscal 2023-24 was presented by Metropolitan Commissioner SVR Srinivas on Friday, with 94 per cent of expenditure earmarked for road and bridge projects, public transport and other infrastructure development works.
As per an MMRDA release, the total estimated receipt is Rs.23,689.77 crores, including a loan from the Maharashtra government, while the total estimated expenditure is Rs. 28,704.98 crore, leaving a deficit of Rs 5,014.41 crore.
It was presented in the MMRDA's 15th meeting in the presence of Chief Minister Eknath Shinde and his deputy Devendra Fadnavis.
Srinivas also presented a revised budget of MMRDA for 2022-23 with estimated total revenue of Rs.14,535.39 crore and total expenditure estimated at Rs.15,452.98 crores. Both the budgets were approved in the meeting, the release informed.
"Out of total estimated expenditure for 2023-24, 94 per cent, or Rs.27,079.69 crore, will be spent on Road and Bridge ...