MC to hire expert to deal with fund crunch

To deal with the fund crunch, the Municipal Corporation has decided to appoint a financial consultant.

A decision in this regard was taken at the first-ever meeting of the Finance and Contract Committee (FCC) after the formation of new general house on Thursday afternoon.

The civic body is not able to meet the day-to-day expenses and is not able to complete the development projects in time. So they want to seek help of the financial consultant who can guide them how to increase income and cut costs.

Mayor H S Gohalwaria, Senior Deputy Mayor Sunita Aggarwal, Deputy Mayor R D Sharma and MC Commissioner R K Verma attended the meeting. The remaining two members from elected councillors would be appointed soon, said the mayor, adding that the first general house meeting would be called within a month.

In other decisions, the FCC committee decided to take a loan of Rs 100 crore for completing various development works and to seek Rs 393 crore from the Punjab Industrial Development Corporation (PIDC) for completing development works and works under Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

The members decided to make multi-level parking at Feroze Gandhi market on a public-private partnership (PPP) basis and decided to get the remaining work of indoor stadium done from a new company which would also maintain the stadium on a PPP basis.

The committee took another decision to outsource maintenance work of tubewells, water and sewer supply lines. Besides, work on streetlights was decided to be given to a private contractor for Rs 5.24 crore by calling tenders.

The members decided to do store purchase worth Rs 1.45 crore and even okayed Rs 2 crore as labour payment for various works. They also decided to appoint four managers for various projects and even to purchase 18 computers for various departments.

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