Published On : Wed, Mar 11th, 2015

NIT’s Rs 830 crore Budget gives Metro Rail Project, other development works a major push


NIT Budget Meet Photograph

The Nagpur Improvement Trust (NIT) Budget for 2015-16 was on Wednesday presented by Chairman Shyam Wardhane. The revenue of NIT for the financial year is expected to be Rs 830.28 lakh including the closing balance of Rs 1.54 crore. The expected revenue of Rs 830.28 crore included Rs 420.64 crore capital money, revenue collection Rs 332.75 crore and advances and deposits Rs 75.75 crore. The expenditure for the financial year is expected to be Rs 826.29 crore on various development works and other heads.

Other dignitaries present at the Budget presentation include Municipal Commissioner Shravan Hardikar, Chairman of NMC’s Standing Committee Ramesh Shingare, District Collector Abhishek Krishna, Trustees and other officials.
The NIT Budget is aimed at giving development in Nagpur a major push with various projects being undertaken.


Salient features of the NIT Budget:

Railway project
Nagpur Metro Rail Project:

•    Rs 150 crore has been provided in the Budget for Nagpur Metro Rail Project. Nagpur Metro Rail Corporation has been set up on 18.2.2015 and Government has appointed a Managing Director for the project. The Metro Rail will run between Automotive Square and MIHAN and Prajapati Nagar and Lokmanya Nagar. The total length will be of 38.215 km. Cost of the proposed project is expected to be around Rs 8680 crore. Contribution of Maharashtra Government shall be 20 percent, Central Government 20 percent, NIT 5 percent and NMC 5 percent. The balance amount is proposed to be raised through loan.
Private & public participation projects:
•    Construction of Bus Terminal Project at Jagnade Square.
•    School at Nari and Chikhli (Deo)
•    Vegetable market at Indora and Bidipeth.

projects under Nagpur City’s development
Plan to complete following projects under Nagpur City’s development:
•    Business Hall at Gokulpeth Market
•    Theater at Wardhaman Nagar
•    Construction of a Multi-level car parking on Central Avenue
•    Sports Hall at Umred Road
•    Town Hall at Ring Road Nari
•    Renovation of Ambazari Lake

Deekshabhoomi hall
Construction of Dr Babasaheb Ambedkar Hall at Deekshabhoomi:
•    A provision of Rs 3 crore has been made in the Budget for construction of Yatri Nivas, Hall and Museum at Deekshabhoomi. Along with Yatri Nivas, an air-conditioned Hall with seating capacity of 550 is also proposed.

Beautification & development of Hazratbaba Tajuddin Darga:

•    A provision of Rs 40 crore has been made for streetlights, high mast lights, stone gate, protection wall and beautification of surrounding of this place.

Construction of housing:
•    A total of 2900 flats are proposed to be constructed under Housing Scheme for which a provision of Rs 40 crore has been made. The 200 flats are proposed to constructed at Bhamti, 448 flats at Shesh Nagar in Wathoda, 2000 flats at Mouza Hazaripahad and 252 flats at Chikhli Deo.

Planning and development of Metro Region:
•    Nagpur Improvement Trust has been appointed as “Special Planning Authority.” 721 villages are included in Nagpur Metro Region covering an area of 3577 sq kms. Rs 37,000 crore is expected to the expenditure on implementation of balanced development of 3577 sq kms area.