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State plans Urban Transport Fund, citizens to pay for it

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Summary: “One of the seven consultants will be appointed by the Mumbai Metropolitan Region Development Authority (MMRDA) for the job. Mumbai Metropolitan Region (MMR) residents may have to pay a levy for infrastructure and transportation upgrade in the future, with the authorities planning to introduce an Urban Transport Fund (UTF) in the years to come. The revenue collected from it will be utilised to fund transportation projects in MMR. The Union Ministry of Urban Development has empaneled seven consultants, following a competitive process, to provide assistance to those cities that want to have UTF. The ‘need’ for having such a revenue collection model has been on paper with the state government for nearly a decade now.

Read more at: http://www.nyoooz.com/mumbai/382603/state-plans-urban-transport-fund-citizens-to-pay-for-it

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