You will get 50% stake in running Mumbai
The government has decided to corporatise Mumbai's crumbling civic
infrastructure so that the system does not remain hostage to rampant
corruption. It has prepared a draft of a special purpose vehicle (SPV)
proposing a three-way partnership between citizens, corporations and teh
government to execute and maintain the city's amenities and introduce
accountability. Citizens wuld hold 50 per cent stake in terms of share in
the new arrangement. The rest would be divided between BMC, the MMRDA, and
private financial institutions like IDFC and HDFC. This company would
execute projects like road repairs, construction of pavements and public
toilets, subways and foot-overbridges........
Daily New and Analysis (DNA), Mumbai, Jan 2, 2006
Nidhi Jamwal
Correspondent
DOWN TO EARTH
705, Panorama Tower
Prathamesh Complex
Veera Desai Road
Andheri (West)
Mumbai 400058
India
Mobile: +91-9867213234
Email: nidhi@xxxxxxxxxxxx, nidhijamwal@xxxxxxxxx
Website: www.downtoearth.org.in
www.cseindia.org
The government has decided to corporatise Mumbai's crumbling civic
infrastructure so that the system does not remain hostage to rampant
corruption. It has prepared a draft of a special purpose vehicle (SPV)
proposing a three-way partnership between citizens, corporations and teh
government to execute and maintain the city's amenities and introduce
accountability. Citizens wuld hold 50 per cent stake in terms of share in
the new arrangement. The rest would be divided between BMC, the MMRDA, and
private financial institutions like IDFC and HDFC. This company would
execute projects like road repairs, construction of pavements and public
toilets, subways and foot-overbridges........
Daily New and Analysis (DNA), Mumbai, Jan 2, 2006
Nidhi Jamwal
Correspondent
DOWN TO EARTH
705, Panorama Tower
Prathamesh Complex
Veera Desai Road
Andheri (West)
Mumbai 400058
India
Mobile: +91-9867213234
Email: nidhi@xxxxxxxxxxxx, nidhijamwal@xxxxxxxxx
Website: www.downtoearth.org.in
www.cseindia.org