Latest news with #Abhijat
Time of India
06-05-2025
- Automotive
- Time of India
Cabinet nod to new parking policy for paid facilities in 17 key UP cities
Lucknow: Parking problems in congested market areas and prime localities in key cities of Uttar Pradesh will soon be addressed to a large extent as the cabinet on Tuesday gave a go ahead to the urban development department to implement the new parking standardisation rules across 17 cities administered by municipal corporations in the the policy, more land will be utilised through private participation for paid parking services in key urban centres including Lucknow, Prayagraj, Meerut, Kanpur, Varanasi, Agra, Ghaziabad, Mathura, Jhansi, Gorakhpur, and Bareilly, among like drinking water and toilets, CCTV cameras, electric vehicle charging points, boom barriers, automated ticket dispensers will also be provided at these parking clarified that no night parking charges, or monthly fee would be imposed on people in residential colonies, as was proposed in the draft document in Sept last the objections and suggestions from the public were evaluated, a presentation was made before the Chief Minister and cabinet ministers."The state authorities were of the view that the new policy should not impact the people but aim at resolving congestion and parking space crunch in busy markets and areas around govt buildings," a senior officer said, explaining the reason for withdrawing the original department is estimating a three-fold jump in annual revenues generated through parking fees by 17 corporations. Currently estimated to be in the range of Rs 22 crore to Rs 25 crore, it is expected that the revenue would go up to Rs 70 crore to Rs 80 crore with the help of the new would be given more authority to regulate haphazard parking, initiate action against vehicle owners who leave their cars and motorcycles on the streets irresponsibly, discourage private vehicle owners from blocking the right of way by parking their vehicles and abandoning private and commercial vehicles on the roads for multiple corporations have been asked to reserve the minimum parking fees. Cities having populations of less than 10 lakh would charge a minimum fee of Rs 10 for two-wheelers and Rs 20 for four-wheelers for two hours. Cities having a population higher than 10 lakh will impose minimum fee of Rs 15 and Rs 30 for two-wheelers and four-wheelers, have been prescribed for every additional hour, 24 hours and for a secretary, urban development, Amrit Abhijat said that every corporation would have to constitute a dedicated parking management committee which would identify, evaluate and approve the designated parking areas."Basic public amenities such as drinking water and toilets will be offered in such complexes. CCTV cameras, electric vehicle charging points, boom barriers, automated ticket dispensers, digital payment facility, reserved space for individuals with disabilities will also be provided," Abhijat parking charges will be applicable in areas where parking on the roadside will be allowed due to space crunch and unavailability of private space.
Hindustan Times
01-05-2025
- Business
- Hindustan Times
Maiden Prayagraj municipal bond oversubscribed 4.4 times
The maiden municipal bond issued by Prayagraj Municipal Corporation has been oversubscribed 4.4 times as it received bids worth ₹221 crore against the offer size of ₹50 crore, a senior official in the state government said and credited the success to the organisation of the Mahakumbh in the state earlier this year. The bond was issued on the Bombay Stock Exchange's Electronic Bidding Platform and achieved a cut-off coupon rate of 8.07%—the lowest ever for a municipal bond in Uttar Pradesh. The funds raised will be directed towards the construction of a ₹76.54 crore super-specialty hospital in Naini under a Public-Private Partnership (PPP) model, with the bond covering ₹50 crore of the project cost, Principal secretary of the urban development department Amrit Abhijat said: 'The overwhelming investors' faith in the Prayagraj municipal bond is due to the effectiveness of our urban reforms and financial discipline. Mahakumbh-2025 demonstrated our ability to deliver world-class infrastructure and services, and this success is now translating into capital market trust.' The hospital, to come up in Naini, is expected to cater to over 1.5 million residents of Prayagraj and nearby regions and generate employment for 600–700 families. 'This facility draws on the globally acclaimed health infrastructure model of Mahakumbh 2025 and will further strengthen the city's capacity to manage large-scale events and health emergencies,' Abhijat added. So far in this fiscal year, urban local bodies in the state have collectively generated ₹5,550 crore in revenue, a sign of improving fiscal autonomy. The hospital project will generate ₹11–12 crore annually in revenue for the Municipal Corporation, ensuring a sustainable financial model while serving essential healthcare needs.
