The Hindu·3 min read·medium
Civic body explores municipal bonds, commercial loans to fund upcoming projects
T
The Hindu Bureau
✦AI Summary
The Greater Chennai Corporation is planning to fund a ₹1 lakh-crore urban development initiative through municipal bonds and commercial loans. The project focuses on infrastructure, water, sanitation, and economic growth hubs between 2025 and 2031.
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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