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.

from Mumbai News: Latest Mumbai News Headlines & Coronavirus News Updates from Mumbai - Times of India https://ift.tt/3sT473D

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