PMRDA to seek Rs 1,000 crore bank loan for ring road plan
Oct 18, 2017, 14:33 IST
Pune: The Pune Metropolitan Region Development Authority (PMRDA) is set to seek a loan of Rs 1,000 crore from banks to speed up the proposed 128km ring road project.
In the wake of the delay in sanction of funds by Japan International Cooperation Agency (JICA), PMRDA has decided to appoint a merchant banker to help seek funds from banks to put the Rs 13,315-crore on the fast track. The ring road is proposed to have various town planning schemes along its stretch.
Read More at:
https://timesofindia.indiatimes.com/city/pune/pmrda-to-seek-rs-1000-crore-bank-loan-for-ring-road-plan/articleshow/61123581.cms
Source : The Times Of India
