Maharashtra to fund Rs 3,600 crore statue but seek loan for bridge repairs

  |   India News

It may have decided to spend Rs 3,600 crore to build a grand Shivaji memorial off the coast of the city, but the state government seems to be so strapped for cash that it has sought a loan of Rs 1,600 crore from the Housing and Urban Development Corporation (Hudco) for an urgent project like the repair and reconstruction of old and dilapidated bridges.

After the collapse of a British-era bridge on the Savitri river near Mahad on August 2 last year killed 30 people, the state public works department (PWD) began drawing a roadmap to repair and reconstruct all dilapidated bridges across the state. The project is likely to cost Rs 1,750 crore.

The state government is already reeling under a debt of over Rs 4 lakh crore and its interest burden is Rs 31,027 crore.Its expenditure on salaries is Rs 87,147 crore. In such a situation, the Maharashtra Navnirman Sena (MNS) said the government should first spend on bridges and then on the Chhatrapati Shivaji Maharaj statue.

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