Sunday, March 30, 2008

Cauvery project: BWSSB allocates Rs 28 lakh

Cauvery project: BWSSB allocates Rs 28 lakh
Bangalore, dhns:
The Bangalore Water Supply and Sewerage Board will incur an expenditure of over Rs 1,65,457 lakhs for the financial year 2008-2009 while it is slated to get a revenue of Rs 1,48,745 lakhs for the corresponding period.

The Board will have a total revenue deficit of over Rs 16, 712 lakhs acc ording to budget propos als, passed by the board at its meeting at Cauvery Bhavan on Friday.

Of this amount, the Capital receipts, which refers to contributions from the Centre, the State JNNURM scheme will amount to Rs 93,332 lakhs while the likely expenditure on these major infrastructure projects is Rs 1,01,631 lakhs. “A sum of Rs 28,100 lakhs has been allotted for development work to be undertaken in connection with the Cauvery Water Supply Stage IV Phase II while 200 lakhs will be spent for the Phase I of the project,” said BWSSB chairperson Latha Krishna Rao.

Income through revenue receipts which refers to collection garnered through Water Supply and Sewerage charges and other miscellaneous receipts is expected to touch over Rs 53,454 lakhs while the revenue expenditure is expected to touch 63,826 lakhs.

“A sum of Rs 218 crore will be spent towards power bills alone,” she added.

“For the first time, we have created a shelf of projects which have to be completed within a particular timeframe,” she added. The cumulative budget deficit for the year 2007-2008 was Rs 342.43 lakhs.


Post a Comment

<< Home