PMC standing committee approves Rs3,722 crore for HCMTR, inner ring road land acquisition

PMC standing committee approves Rs3,722 crore for HCMTR, inner ring road land acquisition

PMC officials stated that the formal proposals for land acquisition have been submitted to the district administration

PMC officials stated that the formal proposals for land acquisition have been submitted to the district administration.While the district administration clarified that the PMC must deposit the entire compensation amount at the time of the final land award, the civic body will not be required to deposit the initial 30% immediately to kickstart the acquisition process. Because both projects have been prioritised under instructions from chief minister Devendra Fadnavis , the committee moved to approve the expenditures during Wednesday’s meeting, standing committee chairperson Shrinath Bhimale said that. The civic administration has already started exploring various options to raise the necessary funds, the source added. A series of joint meetings have been held over the past month by the PMC and the district administration to discuss the alignment and land requirements for both the HCMTR and the inner ring road.

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