PROJECT-Megacity

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