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Corporation All Set To Revive Plans To Issue Municipal Bonds
The New Indian Express Kochi
|February 13, 2025
Budget proposal allows urban local bodies to raise ₹1,000 crore via municipal bonds
FOLLOWING the state budget proposal to allow local bodies to raise funds by issuing bonds, Kochi corporation is planning to take that route to bankroll its infrastructure development.
The civic body, which had even earlier considered issuing municipal bonds, aims to take steps to complete the procedure in the coming months.
The budget recommended the formulation of a detailed proposal to allow urban local bodies to raise an amount of ₹1,000 crore through municipal bonds. The funds can be used to implement projects like IT parks, commercial centres, roads, waste management, and water-supply schemes.
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