JAIPUR: JMC-Heritage on Thursday received Rs 200-crore loan from HUDCO on Thursday.
The civic body had applied for Rs 500-crore loan to meet with its requirements. HUDCO regional head Sudhir Bhatnagar came to JMC-Heritage headquarters and handed over the cheque to mayor Munesh Gurjar.
Gurjar said, “Our priority is to start the works related to gardens, sewerage lines and drainage system. For now, we have availed only Rs 200 crore as we want to utilise the funds in a systematic way. If we had taken the entire amount in one go, the interest would have been higher. We decided our priority on spending the amount.”
There is a liability of over Rs 200 crore on JMC, Heritage including unpaid bills of contractors. The civic work contractors were on strike in both Heritage and Greater for more than six months. JMC, Heritage somehow cajoled the contractors by agreeing to pay a minimum Rs 25 lakh to each and resumed the civic work. The contractors, however, are still on strike in Greater.
Sudhir Bhatnagar, regional head, HUDCO, said the development proposal given by JMC, Heritage was as per National Green Tribunal’s guidelines. “We have approved the loan and development work will soon start in the city. In the first two years, only interest on the Rs 200 crore loan will be paid by JMC, Heritage and after that loan re-payment will start on quarterly basis,” said Bhatnagar.
Loan for similar amount was applied by JMC, Greater as well and they have sanctioned Rs 300 crore.