Union finance minister to take final call on Chandigarh water supply project : The Tribune India

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Tribune press service

Chandigarh, April 29

The Union Finance Minister (FM) will make a final decision on the city’s ambitious 24X7 water supply project.

Anindita Mitra, Commissioner, Municipal Corporation (MC) and CEO, Chandigarh Smart City Ltd, made a presentation on the project today to the Public Investment Board (PIB) in Delhi.

Led by the Secretary (Expenditure) of the Ministry of Finance, the GDP decided to recommend the 24/7 water supply project to the Union Finance Minister to grant approval for the project.

The project has been studied in depth by the Council which also includes members of the Ministry of External Affairs, Niti Ayog and the Ministry of Home Affairs (MHA).

After getting the final go-ahead from the finance minister, the local MC will sign a memorandum of understanding with a French company to provide a loan for the project.

During the presentation, the members had asked several questions regarding the project, such as the water needs of the city, how the project was envisaged, the sustainability and maintainability of the project, etc. A manager said it took about a month to get the approval. After getting the green light, the tender for the Rs 590 crore project will be launched, he added.

Smart City secures a loan of Rs 402 crore for the project from a French company. The loan will be repaid in 15 years with a six-year moratorium on residents’ water bills.

Apart from this, the European Union (EU) will provide a grant of almost Rs 96 crore for the project.

An official said that in addition to providing water around the clock, the project aims to improve the quality of the water supply in terms of pressure. He said that the entire water system will also be upgraded and the latest appliances installed with the launch of the project. Previously, Punjab Governor and UT Administrator Banwarilal Purohit had laid the foundation stone for the pilot 24/7 water supply project in Mani Majra in November last year. The project there would involve a new water distribution plant with 4 million gallons of additional storage, 13,700 smart meters, 20 km of new supply lines and automated system monitoring.

The Mani Majra project is being executed at a cost of Rs 162 crore including operation and maintenance cost for 15 years and the works are expected to be completed by August 2023.

About the project

Smart City Ltd obtains a loan of Rs 402 crore for the project from a French company. An official said that in addition to providing water around the clock, the project aims to improve the quality of the water supply in terms of pressure. He said that the entire water system will also be upgraded and the latest appliances installed with the launch of the project.

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