The BMC has proposed to set up a “special project fund” to ensure that no mega development projects in the city face financial crunch.
According to BMC estimates, in the next few years, various development projects across Mumbai will cost around Rs 7,884 crore. A proposal on setting up the special project fund will be tabled before the BMC Standing Committee for its final approval on Wednesday.
Officials said the fund will be used in development works like reconstruction work of at least 12 bridges over railway tracks in coordination with Maharashtra Rail Infrastructure Development Corporation Limited, costing Rs 1675 crore, and other bridges under BMC jurisdiction.
