The Hindu·3 min read·medium
Chennai Corporation explores municipal bonds, commercial loans to fund upcoming projects
T
The Hindu Bureau
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The Greater Chennai Corporation is exploring various financing options, including municipal bonds and commercial loans, to fund a ₹1 lakh-crore urban development project. The initiative aims to improve infrastructure across themes like economic growth, urban renewal, and water sanitation.
The Greater Chennai Corporation (GCC) is finalising a tentative project list for the ₹1 lakh-crore Urban Challenge Fund (UCF), and weighing multiple financing avenues, including municipal bonds, direct commercial loans, and multilateral funding, GCC Commissioner G.S. Sameeran said.
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