Kolkata Municipal Corporation Plans ?500 Crore Bond Issue for Innovative Underground Utilities

24 Nov 2023 CW Team

The Kolkata Municipal Corporation (KMC) is set to revolutionize urban infrastructure with a groundbreaking initiative. Planning to float ?500 crore in bonds, the city aims to fund the construction of innovative tunnels for underground utilities. This forward-looking approach not only addresses the challenge of congested urban spaces but also enhances the efficiency and resilience of critical services. The tunnels will accommodate various utilities, ensuring a streamlined and future-ready infrastructure. The move reflects KMC's commitment to sustainable urban development and modernization. The funds raised through the bond issue will play a pivotal role in shaping Kolkata's infrastructure landscape, offering a model for other cities to emulate. Keywords: Kolkata Municipal Corporation, ?500 crore bonds, underground utilities, tunnels, urban infrastructure, sustainable development.

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