Megacity
Megacity
Govt. of India had launched the centrally sponsored Mega City Scheme during 1995 and selected 7 cities in the country of which Bangalore was one of them. The guide lines of the scheme is as per central Government notification vide K-14011/35/92-UD-III. GoI MOUD.
Under the Scheme Rs.241.75 crores from Government of India and Rs.241.75 crores from Government of Karnataka were received as Grant.
KUIDFC was appointed as the Nodal Agency for the Bangalore Mega City Scheme.
Total Grant amount of Rs.483.50 crores is lent to different Implementing Agencies as loan for 55 infrastructure projects.
Project Objective
The Mega City Projects envisage overall improvement in the quality of life in urban areas by developing infrastructure facilities
Project Scope
Project Components
Project Funding Arrangement
Mega City Revolving Fund(M C R F)
MCRF is operational from 1/04/2005.
Statuses of Projects sanctioned under the Mega City Revolving Fund are as follows. (30-06-2017)
Total No. of projects sanctioned : 35
Total Cost of projects sanctioned : Rs. 5364.45 crore
Total Loan sanctioned for the projects : Rs. 2601.48 crore
Total Loan released by KUIDFC to various : Rs. 1159.41 crore
Implementing agencies
Total No. of projects completed : 9
Total cost of projects completed : Rs.1521.31crore (loan component: Rs.744.51)
Total No. of projects under progress : 11
Total cost of projects under progress : Rs.1299.03 (loan component: Rs.635.02)
Total No. of projects Cancelled : 7
Total cost of the Cancelled projects : 915.06 crore (loan component: Rs.407.30)
Total No. of projects yet to be taken up : 8
Total cost of the projects yet to be taken up : Rs.1629.05 crore(loan component:
Rs.814.65)
Project Implementation
Progress
Completed projects under Megacity Revolving Fund (MCRF) as on 30-06-2017
|
Sl. No |
Name of the Implementing Agency |
Name of the Project |
|
1 |
BBMP |
Development of 17 Lakes |
|
2 |
BMTC |
Construction of 10 TTMC s |
|
3 |
BWSSB |
Prevention of Ingression of sewage into SWD of Hebbal Valley area |
|
4 |
BMRCL |
2 slum rehabilitation projects |
|
5 |
KSRTC |
Construction of Satellite Bus Station at Peenya |
|
6 |
KSRTC |
Infrastructure developmental works for KSRTC depots in shanthi nagar |
|
7 |
BMTC |
Swapping of High Cost Bank Borrowings |
|
8 |
BMTC |
Swapping of High Cost Bank Borrowings |
|
9 |
BDA |
construction of flyover along ORR at the intersection of Nagavara-Thanisandra, Nayandahalli and other places. |
Physical Progress of projects under Mega City Scheme & MCRF
|
Sl. No |
Agency |
No of Projects sanctioned |
No of Projects completed |
Balance |
|||
|
MCS |
MCRF |
MCS |
MCRF |
MCS |
MCRF |
||
|
1 |
Bangalore Development Authority |
11 |
3 |
11 |
1 |
0 |
2 |
|
2 |
Bruhat Bangalore Mahanagara Palike |
23 |
1 |
23 |
1 |
0 |
0 |
|
3 |
Bangalore Metropolitan Transport Corporation |
10 |
6 |
10 |
4 |
0 |
2 |
|
4 |
Bangalore Water Supply & Sewerage Board |
4 |
5 |
4 |
1 |
0 |
4 |
|
5 |
Bannerghatta Biological Park |
1 |
0 |
1 |
0 |
0 |
0 |
|
6 |
Karnataka State Road Transport Corporation |
1 |
2 |
1 |
1 |
0 |
1 |
|
7 |
Karnataka Compost Development Corporation |
1 |
0 |
1 |
0 |
0 |
0 |
|
8 |
Karnataka Slum Development Board |
4 |
0 |
4 |
0 |
0 |
0 |
|
9 |
Bangalore Metro Rail Corpn. Ltd. |
3 |
1 |
2 |
|||
|
Total |
55 |
20 |
55 |
9 |
0 |
11 |
|
Reforms
Reports
Status of projects under Mega City Revolving Fund up to (30-06-2017)
(Rs. in Crores)
|
Sl. No |
Name of the IA |
Total No. of Projects |
Total Project Cost |
Loan/ Grants |
||||
|
Sanctioned |
Loan released |
Principal Repayment Received |
Out standing |
|||||
|
1 |
BBMP |
1 |
93.10 |
46.55 |
23.19 |
23.19 |
00 |
|
|
2 |
BDA |
3 |
462.94 |
229.88 |
204.34 |
158.96 |
45.38 |
|
|
3 |
BMTC |
6 |
973.40 |
737.81 |
732.75 |
278.85 |
453.90 |
|
|
4 |
BWSSB |
5 |
584.53 |
291.85 |
143.55 |
40.15 |
103.39 |
|
|
5 |
KSRTC |
2 |
38.00 |
19.00 |
19.00 |
11.50 |
7.50 |
|
|
6 |
BMRCL |
3 |
109.09 |
54.44 |
23.61 |
10.39 |
13.22 |
|
|
TOTAL |
20 |
2821.96 |
1379.53 |
1146.44 |
523.04 |
623.39 |
9.87 |
|