New fuel cess, stamp duty hike to fund Rs 2.3 lakh crore Comprehensive Mobility Plan
Officials have suggested a slew of measures to muster the estimated Rs 2.3 lakh crore to implement the Comprehensive Mobility Plan 2020.
The suggestions include additional cess on fuel and motor vehicles, hiking stamp duties and pushing for public-private partnership.
Parastatal agencies like BBMP, BDA, BWSSB, Bescom, BMRCL and others can increase their revenue collection by periodical hiking of taxes, fees or user fares while borrowing from the market to make up for the deficit.
About Rs 50,000 crore is envisaged to be spent on road widening, elevated corridors and the Peripheral Ring Road (PRR), while Namma Metro and dedicated suburban rail corridors will come up to Rs 42,925 crore.
