The Pimpri-Chinchwad New Township Development Authority (PCNTDA) has
made a provision of Rs 140 crore for the construction of the Pune
International Exhibition and Convention Centre at Moshi in its Rs 607.18
crore draft budget for 2011-12 which shows a surplus of Rs 205.77
crore.
Suhas Divse, chief executive officer (CEO), PCNTDA presented the draft budget to divisional commissioner Dilip Band, president of the PCNTDA and the PCNTDA committee on Monday. The draft budget has a provision of Rs 401.41 crore for expenditure.
The draft budget was approved after discussions.
The convention centre will be built on a 240-acre plot of land in sector 5 and 8 in Moshi. A SPV has been created for the project called PIECCL in which PCNTDA has 94 percent share.
Around Rs 400 crore will be spent on first phase of the construction. Divse said, "Bids will be invited for the exhibition and convention centre in two months."
The budget has a carry forward of Rs 342.85 crore from 2010-11. There is a provision of Rs 61.23 crore for revenue expenditure and Rs 340.17 crore for capital expenditure. A provision of Rs 118 crore has been made for various developmental projects and Rs 22.56 crore for administrative expenditure.
PCNTDA has made provision of Rs 6.70 crore for constructing a subway to connect sectors 28 to 29 near Akurdi railway station, Rs 25.50 crore for a flyover near Mercedes Benz plant in Chikhli, Rs 5.20 crore for a flyover at Kudalwadi and Rs 10.50 crore for a flyover at Kalewadi chowk on Aundh-Ravet road.
PCNTDA has made a provision of Rs 5 crore for constructing affordable houses for the low and middle- income groups at Sector 30.
"This project will be implemented on a 7.5 acre plot and PCNTDA plans to construct around 450 to 500 houses. We expect to start the construction of the project after three months," Divse said.
PCNTDA has made a provision of Rs 1.10 crore for fencing around the acquired land to prevent encroachments, Divse said. Provision has been made for putting up direction boards in the PCNTDA limits.
Suhas Divse, chief executive officer (CEO), PCNTDA presented the draft budget to divisional commissioner Dilip Band, president of the PCNTDA and the PCNTDA committee on Monday. The draft budget has a provision of Rs 401.41 crore for expenditure.
The draft budget was approved after discussions.
The convention centre will be built on a 240-acre plot of land in sector 5 and 8 in Moshi. A SPV has been created for the project called PIECCL in which PCNTDA has 94 percent share.
Around Rs 400 crore will be spent on first phase of the construction. Divse said, "Bids will be invited for the exhibition and convention centre in two months."
The budget has a carry forward of Rs 342.85 crore from 2010-11. There is a provision of Rs 61.23 crore for revenue expenditure and Rs 340.17 crore for capital expenditure. A provision of Rs 118 crore has been made for various developmental projects and Rs 22.56 crore for administrative expenditure.
PCNTDA has made provision of Rs 6.70 crore for constructing a subway to connect sectors 28 to 29 near Akurdi railway station, Rs 25.50 crore for a flyover near Mercedes Benz plant in Chikhli, Rs 5.20 crore for a flyover at Kudalwadi and Rs 10.50 crore for a flyover at Kalewadi chowk on Aundh-Ravet road.
PCNTDA has made a provision of Rs 5 crore for constructing affordable houses for the low and middle- income groups at Sector 30.
"This project will be implemented on a 7.5 acre plot and PCNTDA plans to construct around 450 to 500 houses. We expect to start the construction of the project after three months," Divse said.
PCNTDA has made a provision of Rs 1.10 crore for fencing around the acquired land to prevent encroachments, Divse said. Provision has been made for putting up direction boards in the PCNTDA limits.
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