Rs 24,702 cr for Jalna–Nanded expressway, finance dept tells Maharashtra govt to ensure no burden

2 hours ago 1

Mumbai The Public Works Department (PWD) successful its reply said that the aforesaid volition beryllium considered. (File)

As Maharashtra Cabinet Thursday approved Rs 24,702.92 crore for the Jalna–Nanded expressway which volition beryllium connecting to Mumbai–Nagpur Samruddhi Expressway, the concern section asked the authorities authorities to instrumentality steps to guarantee that the fiscal shortage does not transverse 3 per cent of the gross authorities home merchandise (GSDP).

The concern section successful its remarks said: “The debt-equity ratio has been fixed arsenic 52.81:47.19 and arsenic per the authorities fiscal policy, the shortage to GSDP has been fixed astatine 2.59 per cent. The authorities volition person to rise loans for assorted societal and payment schemes announced. In addition, much indebtedness volition person to beryllium availed to implicit assorted infrastructure projects undertaken by antithetic administrative departments. It cannot beryllium neglected that successful specified a case, fiscal shortage to SGDP tin transverse 3 per cent. Therefore the said task should beryllium financially planned successful a mode wherever determination volition beryllium nary fiscal load connected the state.”

The Public Works Department (PWD) successful its reply said that the aforesaid volition beryllium considered.

The Jalna – Nanded expressway is apt to chopped abbreviated the contiguous 226 km region betwixt the 2 cities by 45 km and the travel clip is apt to travel down to 2 hours from 4 hours.

A peculiar intent conveyance for the aforesaid has besides been formed.

The authorities concern section has been consistently informing astir the imaginable expanding load connected authorities treasury arsenic a effect of assorted schemes announced by the authorities authorities and indebtedness to beryllium availed for assorted infrastructure projects.

Two weeks ago, the section had noted, successful a connection seeking revised administrative support for operation of sports complexes, that “the Maharashtra authorities is facing ‘financial pressure’ owed to gross deficit, fiscal work and announcement of caller schemes, arsenic a effect of which it cannot judge accrued liability.”

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