BMC to float Rs 4,000cr municipal infra bonds

Facing a cash crunch amid falling revenues and increased Covid spending, the BMC will soon float ‘Municipal Infrastructure Bonds’ to raise money from the market to pay for big-ticket infrastructure projects after two years. The BMC, Asia’s richest civic body, is expecting to raise Rs 3,000-Rs 4,000 crore.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.