PMC Plans Rs 2,000 Crore Infrastructure Push for Merged Villages, World Bank and IFC Visit to Discuss Funding
Pune Municipal Corporation PMC is planning infrastructure projects worth around Rs 2,000 crore for newly merged villages and other parts of the city and is exploring loans under the Centre’s Urban Challenge Fund to finance the works with a leading bank offering borrowing at 7.3 percent interest rate that PMC plans to negotiate further downward. The proposals include a Rs 890 crore water supply project for 12 merged villages expected to initially benefit around four lakh residents rising to 7.78 lakh by 2052, flood control works worth around Rs 400 crore at 304 identified locations in the older civic limits and sewage management infrastructure including seven sewage treatment plants and around 357 km of sewage pipelines in the merged areas. A senior delegation from the World Bank Group and International Finance Corporation IFC led by Mara Warwick regional practice director for water visited PMC on Friday to discuss potential financial assistance, technical cooperation and institutional capacity-building with the civic administration presenting its proposals and receiving a positive response from the delegation.
The projects are expected to receive financial assistance from the Centre and the state government with PMC required to borrow funds to meet remaining expenditure making the interest rate negotiations and Urban Challenge Fund exploration critical to keeping project costs manageable for the civic body. Municipal commissioner confirmed that the World Bank IFC delegation responded positively to the presentations and that the civic administration is actively exploring financing options to accelerate infrastructure development in merged areas while minimising borrowing costs. For the estimated four lakh residents of Pune’s 12 merged villages who currently lack reliable water supply, adequate flood protection and functional sewage infrastructure despite being within PMC limits since 2021, the combination of World Bank interest, Centre funding and Urban Challenge Fund loans represents the most credible financing pathway these long-pending projects have ever had and a potential turning point for communities that have been waiting for basic civic amenities since their merger into the city.
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