City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
City Corporate & Business Plan - Municipal
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3. CITY INVESTMENT PLAN<br />
The summary of sector-wise investment requirements and prioritisation is given in the<br />
following table. The total investment required would be over Rs. 22167.00 lakhs.<br />
Capital Investment Needs forAmbur<br />
S.N Projects<br />
Estimated cost in<br />
lakhs<br />
1 Water supply 13667.00<br />
Mettur CWSS 11436.00<br />
Water supply improvement scheme 2231.00<br />
2 Sewerage 3950.00<br />
3 Storm water drain 684.00<br />
4 Solid Waste Management 847.00<br />
5 Traffic and transportation 268.00<br />
Road improvement 256.00<br />
Bus stand Improvement 12.00<br />
6 Street light 111.00<br />
7 Slum 2272.00<br />
8 Education 25.70<br />
9 Medicare 54.30<br />
10 Parks and open spaces 11.00<br />
11 Market 3.00<br />
12 Shopping Complex 100.00<br />
Shopping complex at V.A.Kareem OHT 36.80<br />
Shopping Complex at ESI hospital 63.20<br />
13 Slaughter House 36.00<br />
14 Burial ground 73.00<br />
15 E-Governance 18.00<br />
16 GIS Mapping for Comprehensive Property Database 37.00<br />
17 Mobile tax collection vehicle 10.00<br />
Total 22167.00<br />
4. FINANCIAL PERFORMANCE OF AMBUR MUNICIPALITY<br />
The summary of the financial status of Ambur municipality is as follows:<br />
It is observed that the <strong>Municipal</strong>ity has shown deficit in 4 out of the last 6 years.<br />
Prior to depreciation also the <strong>Municipal</strong>ity has shown deficit in 4 out of last 6 years.<br />
The <strong>Municipal</strong>ity needs to undertake lot of fiscal reforms and full leverage of its<br />
assets over the next few years to improve its financial strength.<br />
The average current collection efficiency of the municipality is very poor, with 50%<br />
efficiency in property tax, 75% efficiency in profession tax and 10% efficiency in<br />
water charges. The arrears collection performance is also poor.<br />
The broad financial analysis of the Ambur <strong>Municipal</strong>ity finances reveal that the<br />
<strong>Municipal</strong>ity has further scope for increasing its own sources of income and<br />
collection efficiency for servicing the additional borrowings in the future.<br />
The municipality also has very high borrowings at Rs. 331 lacs and is fully<br />
leveraged. The municipality can resort to further borrowings for new project<br />
identified only based on the additional income to be generated.
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